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$240,376$240,376$256,500
Remaining term (yrs)25.925.930.0
Secondary amount$0$30,374$0
Funding fee$0$0$0
Note rate5.520%5.520%7.320%
Blended rate6.370%6.988%7.560%
1st payment$1,452.71$1,452.71$1,761.98
2nd payment$0.00$300.58$0.00
Taxes / mo$255.53$255.53$255.53
Insurance / mo$150.00$150.00$150.00
MI / mo$180.83$180.83$51.30
HOA / mo$0.00$0.00$0.00
Total monthly$2,039.08$2,339.65$2,218.81
Cash to close$44,624$14,250$28,500