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$254,496$254,496$306,000
Remaining term (yrs)18.418.430.0
Secondary amount$0$51,504$0
Funding fee$0$0$0
Note rate6.790%6.790%7.400%
Blended rate7.340%7.619%7.640%
1st payment$2,011.63$2,011.63$2,118.68
2nd payment$0.00$386.28$0.00
Taxes / mo$140.12$140.12$140.12
Insurance / mo$150.00$150.00$150.00
MI / mo$120.88$120.88$61.20
HOA / mo$0.00$0.00$0.00
Total monthly$2,422.63$2,808.91$2,470.01
Cash to close$85,504$34,000$34,000