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$244,842$244,842$306,000
Remaining term (yrs)26.326.330.0
Secondary amount$0$61,158$0
Funding fee$0$0$0
Note rate6.810%6.810%7.320%
Blended rate7.660%7.928%7.560%
1st payment$1,666.67$1,666.67$2,102.01
2nd payment$0.00$458.68$0.00
Taxes / mo$191.03$191.03$191.03
Insurance / mo$150.00$150.00$150.00
MI / mo$180.90$180.90$61.20
HOA / mo$0.00$0.00$0.00
Total monthly$2,188.60$2,647.28$2,504.24
Cash to close$95,158$34,000$34,000