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$248,338$248,338$265,499
Remaining term (yrs)25.825.830.0
Secondary amount$0$31,911$0
Funding fee$0$0$0
Note rate5.520%5.520%7.320%
Blended rate6.370%6.997%7.560%
1st payment$1,503.00$1,503.00$1,823.79
2nd payment$0.00$315.79$0.00
Taxes / mo$574.03$574.03$574.03
Insurance / mo$150.00$150.00$150.00
MI / mo$187.09$187.09$53.10
HOA / mo$0.00$0.00$0.00
Total monthly$2,414.12$2,729.90$2,600.92
Cash to close$46,661$14,750$29,500