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$242,465$242,465$295,200
Remaining term (yrs)28.728.730.0
Secondary amount$0$52,735$0
Funding fee$0$0$0
Note rate6.860%6.860%7.400%
Blended rate7.410%7.694%7.640%
1st payment$1,610.11$1,610.11$2,043.91
2nd payment$0.00$395.51$0.00
Taxes / mo$316.67$316.67$316.67
Insurance / mo$150.00$150.00$150.00
MI / mo$112.51$112.51$59.04
HOA / mo$0.00$0.00$0.00
Total monthly$2,189.28$2,584.80$2,569.61
Cash to close$85,535$32,800$32,800