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$253,520$253,520$333,000
Remaining term (yrs)27.127.130.0
Secondary amount$0$79,480$0
Funding fee$0$0$0
Note rate7.790%7.790%7.400%
Blended rate8.340%8.498%7.640%
1st payment$1,871.30$1,871.30$2,305.62
2nd payment$0.00$596.10$0.00
Taxes / mo$525.67$525.67$525.67
Insurance / mo$150.00$150.00$150.00
MI / mo$119.26$119.26$66.60
HOA / mo$0.00$0.00$0.00
Total monthly$2,666.23$3,262.33$3,047.89
Cash to close$116,480$37,000$37,000