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$247,692$247,692$260,100
Remaining term (yrs)26.526.530.0
Secondary amount$0$26,858$0
Funding fee$0$0$0
Note rate6.420%6.420%7.400%
Blended rate6.970%7.450%7.640%
1st payment$1,618.66$1,618.66$1,800.88
2nd payment$0.00$265.78$0.00
Taxes / mo$311.50$311.50$311.50
Insurance / mo$150.00$150.00$150.00
MI / mo$118.36$118.36$52.02
HOA / mo$0.00$0.00$0.00
Total monthly$2,198.52$2,464.31$2,314.40
Cash to close$41,308$14,450$28,900