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$231,751$231,751$252,000
Remaining term (yrs)26.726.730.0
Secondary amount$0$34,249$0
Funding fee$0$0$0
Note rate6.710%6.710%7.400%
Blended rate7.260%7.854%7.640%
1st payment$1,553.89$1,553.89$1,744.80
2nd payment$0.00$338.92$0.00
Taxes / mo$281.71$281.71$281.71
Insurance / mo$150.00$150.00$150.00
MI / mo$110.26$110.26$50.40
HOA / mo$0.00$0.00$0.00
Total monthly$2,095.86$2,434.78$2,226.91
Cash to close$48,249$14,000$28,000