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$251,254$251,254$598,500
Remaining term (yrs)28.728.730.0
Secondary amount$0$347,246$0
Funding fee$0$0$0
Note rate6.850%6.850%7.400%
Blended rate7.400%7.603%7.640%
1st payment$1,666.82$1,666.82$4,143.89
2nd payment$0.00$2,242.63$0.00
Taxes / mo$554.17$554.17$554.17
Insurance / mo$166.67$166.67$166.67
MI / mo$116.59$116.59$119.70
HOA / mo$194.00$194.00$194.00
Total monthly$2,698.24$4,940.87$5,178.43
Cash to close$413,746$66,500$66,500