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$242,609$242,609$315,000
Remaining term (yrs)26.326.330.0
Secondary amount$0$72,391$0
Funding fee$0$0$0
Note rate6.360%6.360%7.320%
Blended rate7.210%7.621%7.560%
1st payment$1,581.94$1,581.94$2,163.83
2nd payment$0.00$542.94$0.00
Taxes / mo$104.25$104.25$104.25
Insurance / mo$150.00$150.00$150.00
MI / mo$179.89$179.89$63.00
HOA / mo$0.00$0.00$0.00
Total monthly$2,016.08$2,559.02$2,481.08
Cash to close$107,391$35,000$35,000