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$244,974$244,974$257,400
Remaining term (yrs)25.925.930.0
Secondary amount$0$26,726$0
Funding fee$0$0$0
Note rate5.510%5.510%7.400%
Blended rate6.360%6.902%7.640%
1st payment$1,479.02$1,479.02$1,782.19
2nd payment$0.00$264.48$0.00
Taxes / mo$322.50$322.50$322.50
Insurance / mo$150.00$150.00$150.00
MI / mo$184.31$184.31$51.48
HOA / mo$0.00$0.00$0.00
Total monthly$2,135.83$2,400.31$2,306.17
Cash to close$41,026$14,300$28,600