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$249,169$249,169$283,500
Remaining term (yrs)26.226.230.0
Secondary amount$0$34,331$0
Funding fee$0$0$0
Note rate6.810%6.810%7.320%
Blended rate7.660%7.822%7.560%
1st payment$1,698.04$1,698.04$1,947.45
2nd payment$0.00$257.48$0.00
Taxes / mo$262.50$262.50$262.50
Insurance / mo$150.00$150.00$150.00
MI / mo$184.31$184.31$56.70
HOA / mo$0.00$0.00$0.00
Total monthly$2,294.85$2,552.33$2,416.65
Cash to close$65,831$31,500$31,500