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$245,617$245,617$301,500
Remaining term (yrs)28.028.030.0
Secondary amount$0$55,883$0
Funding fee$0$0$0
Note rate6.350%6.350%7.400%
Blended rate6.900%7.289%7.640%
1st payment$1,563.82$1,563.82$2,087.53
2nd payment$0.00$419.12$0.00
Taxes / mo$156.67$156.67$156.67
Insurance / mo$150.00$150.00$150.00
MI / mo$115.19$115.19$60.30
HOA / mo$0.00$0.00$0.00
Total monthly$1,985.67$2,404.79$2,454.49
Cash to close$89,383$33,500$33,500