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$240,541$240,541$292,500
Remaining term (yrs)28.828.830.0
Secondary amount$0$51,959$0
Funding fee$0$0$0
Note rate6.500%6.500%7.400%
Blended rate7.050%7.396%7.640%
1st payment$1,539.07$1,539.07$2,025.21
2nd payment$0.00$389.70$0.00
Taxes / mo$246.10$246.10$246.10
Insurance / mo$150.00$150.00$150.00
MI / mo$111.60$111.60$58.50
HOA / mo$0.00$0.00$0.00
Total monthly$2,046.77$2,436.47$2,479.81
Cash to close$84,459$32,500$32,500