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$243,284$243,284$269,910
Remaining term (yrs)26.326.330.0
Secondary amount$0$26,626$0
Funding fee$0$0$0
Note rate6.420%6.420%7.320%
Blended rate7.270%7.441%7.560%
1st payment$1,595.56$1,595.56$1,854.09
2nd payment$0.00$199.70$0.00
Taxes / mo$147.25$147.25$147.25
Insurance / mo$150.00$150.00$150.00
MI / mo$180.31$180.31$53.98
HOA / mo$0.00$0.00$0.00
Total monthly$2,073.12$2,272.81$2,205.33
Cash to close$56,616$29,990$29,990