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$250,182$250,182$288,000
Remaining term (yrs)28.028.030.0
Secondary amount$0$37,818$0
Funding fee$0$0$0
Note rate6.500%6.500%7.400%
Blended rate7.050%7.306%7.640%
1st payment$1,615.34$1,615.34$1,994.05
2nd payment$0.00$283.63$0.00
Taxes / mo$404.50$404.50$404.50
Insurance / mo$150.00$150.00$150.00
MI / mo$117.13$117.13$57.60
HOA / mo$0.00$0.00$0.00
Total monthly$2,286.98$2,570.61$2,606.15
Cash to close$69,818$32,000$32,000