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$245,839$245,839$261,000
Remaining term (yrs)27.927.930.0
Secondary amount$0$29,661$0
Funding fee$0$0$0
Note rate6.770%6.770%7.320%
Blended rate7.320%7.810%7.560%
1st payment$1,633.68$1,633.68$1,792.89
2nd payment$0.00$293.52$0.00
Taxes / mo$107.75$107.75$107.75
Insurance / mo$150.00$150.00$150.00
MI / mo$115.21$115.21$52.20
HOA / mo$0.00$0.00$0.00
Total monthly$2,006.64$2,300.15$2,102.84
Cash to close$44,161$14,500$29,000