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$244,594$244,594$269,999
Remaining term (yrs)26.926.930.0
Secondary amount$0$25,405$0
Funding fee$0$0$0
Note rate7.180%7.180%7.400%
Blended rate7.730%7.849%7.640%
1st payment$1,709.44$1,709.44$1,869.42
2nd payment$0.00$190.54$0.00
Taxes / mo$104.38$104.38$104.38
Insurance / mo$150.00$150.00$150.00
MI / mo$115.66$115.66$54.00
HOA / mo$0.00$0.00$0.00
Total monthly$2,079.48$2,270.02$2,177.80
Cash to close$55,405$30,000$30,000