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$239,960$239,960$256,152
Remaining term (yrs)26.926.930.0
Secondary amount$0$30,423$0
Funding fee$0$0$0
Note rate6.780%6.780%7.400%
Blended rate7.330%7.841%7.640%
1st payment$1,616.22$1,616.22$1,773.54
2nd payment$0.00$301.06$0.00
Taxes / mo$81.33$81.33$81.33
Insurance / mo$150.00$150.00$150.00
MI / mo$113.86$113.86$51.23
HOA / mo$0.00$0.00$0.00
Total monthly$1,961.41$2,262.47$2,056.11
Cash to close$44,653$14,231$28,461