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$245,386$245,386$301,500
Remaining term (yrs)25.825.830.0
Secondary amount$0$56,114$0
Funding fee$0$0$0
Note rate5.520%5.520%7.400%
Blended rate6.370%6.859%7.640%
1st payment$1,485.14$1,485.14$2,087.53
2nd payment$0.00$420.85$0.00
Taxes / mo$241.91$241.91$241.91
Insurance / mo$150.00$150.00$150.00
MI / mo$184.87$184.87$60.30
HOA / mo$21.33$21.33$21.33
Total monthly$2,083.25$2,504.10$2,561.07
Cash to close$89,614$33,500$33,500