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$243,404$243,404$333,000
Remaining term (yrs)25.725.730.0
Secondary amount$0$89,596$0
Funding fee$0$0$0
Note rate5.100%5.100%7.320%
Blended rate5.950%6.771%7.560%
1st payment$1,414.28$1,414.28$2,287.48
2nd payment$0.00$671.97$0.00
Taxes / mo$184.25$184.25$184.25
Insurance / mo$150.00$150.00$150.00
MI / mo$184.51$184.51$66.60
HOA / mo$0.00$0.00$0.00
Total monthly$1,933.03$2,605.00$2,688.33
Cash to close$126,596$37,000$37,000