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$240,151$240,151$279,000
Remaining term (yrs)27.627.630.0
Secondary amount$0$38,849$0
Funding fee$0$0$0
Note rate6.820%6.820%7.400%
Blended rate7.370%7.597%7.640%
1st payment$1,608.55$1,608.55$1,931.74
2nd payment$0.00$291.37$0.00
Taxes / mo$320.00$320.00$320.00
Insurance / mo$150.00$150.00$150.00
MI / mo$112.86$112.86$55.80
HOA / mo$0.00$0.00$0.00
Total monthly$2,191.41$2,482.77$2,457.54
Cash to close$69,849$31,000$31,000