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$253,291$253,291$450,000
Remaining term (yrs)27.127.130.0
Secondary amount$0$196,709$0
Funding fee$0$0$0
Note rate7.760%7.760%7.320%
Blended rate8.310%8.174%7.560%
1st payment$1,864.50$1,864.50$3,091.19
2nd payment$0.00$1,311.39$0.00
Taxes / mo$162.92$162.92$162.92
Insurance / mo$166.67$166.67$166.67
MI / mo$119.17$119.17$90.00
HOA / mo$0.00$0.00$0.00
Total monthly$2,313.25$3,624.64$3,510.77
Cash to close$246,709$50,000$50,000