Dan Frey Home Loans
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Comparison

Side-by-side payments and cash to close

Lowest monthly: Assumable Loan

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · FHA
Assumable Loan + Second
Assumable · FHA
Current Market Conventional
New · Conventional
Loan amount$246,841$246,841$292,500
Remaining term (yrs)27.027.030.0
Secondary amount$0$45,659$0
Funding fee$0$0$0
Note rate7.200%7.200%7.400%
Blended rate7.750%7.945%7.640%
1st payment$1,726.67$1,726.67$2,025.21
2nd payment$0.00$342.44$0.00
Taxes / mo$270.83$270.83$270.83
Insurance / mo$150.00$150.00$150.00
MI / mo$116.59$116.59$58.50
HOA / mo$0.00$0.00$0.00
Total monthly$2,264.09$2,606.53$2,504.54
Cash to close$78,159$32,500$32,500