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$242,997$242,997$346,500
Remaining term (yrs)26.326.330.0
Secondary amount$0$103,503$0
Funding fee$0$0$0
Note rate6.360%6.360%7.320%
Blended rate7.210%7.446%7.560%
1st payment$1,584.47$1,584.47$2,380.21
2nd payment$0.00$690.02$0.00
Taxes / mo$241.58$241.58$241.58
Insurance / mo$150.00$150.00$150.00
MI / mo$180.18$180.18$69.30
HOA / mo$0.00$0.00$0.00
Total monthly$2,156.24$2,846.26$2,841.10
Cash to close$142,003$38,500$38,500