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$243,128$243,128$279,000
Remaining term (yrs)27.627.630.0
Secondary amount$0$35,872$0
Funding fee$0$0$0
Note rate6.820%6.820%7.400%
Blended rate7.370%7.580%7.640%
1st payment$1,628.49$1,628.49$1,931.74
2nd payment$0.00$269.04$0.00
Taxes / mo$283.91$283.91$283.91
Insurance / mo$150.00$150.00$150.00
MI / mo$114.26$114.26$55.80
HOA / mo$0.00$0.00$0.00
Total monthly$2,176.65$2,445.69$2,421.45
Cash to close$66,872$31,000$31,000