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$237,740$237,740$297,000
Remaining term (yrs)27.127.130.0
Secondary amount$0$59,260$0
Funding fee$0$0$0
Note rate7.630%7.630%7.320%
Blended rate8.180%8.344%7.560%
1st payment$1,729.27$1,729.27$2,040.18
2nd payment$0.00$444.45$0.00
Taxes / mo$275.00$275.00$275.00
Insurance / mo$150.00$150.00$150.00
MI / mo$111.93$111.93$59.40
HOA / mo$13.33$13.33$13.33
Total monthly$2,279.53$2,723.98$2,537.91
Cash to close$92,260$33,000$33,000