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$242,968$242,968$254,250
Remaining term (yrs)29.429.430.0
Secondary amount$0$25,407$0
Funding fee$0$0$0
Note rate5.980%5.980%7.320%
Blended rate6.530%7.036%7.560%
1st payment$1,460.96$1,460.96$1,746.52
2nd payment$0.00$251.43$0.00
Taxes / mo$235.42$235.42$235.42
Insurance / mo$150.00$150.00$150.00
MI / mo$111.93$111.93$50.85
HOA / mo$0.00$0.00$0.00
Total monthly$1,958.31$2,209.73$2,182.79
Cash to close$39,532$14,125$28,250