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$246,130$246,130$292,050
Remaining term (yrs)25.825.830.0
Secondary amount$0$45,920$0
Funding fee$0$0$0
Note rate5.810%5.810%7.400%
Blended rate6.660%7.028%7.640%
1st payment$1,533.02$1,533.02$2,022.10
2nd payment$0.00$344.40$0.00
Taxes / mo$241.83$241.83$241.83
Insurance / mo$150.00$150.00$150.00
MI / mo$184.87$184.87$58.41
HOA / mo$21.33$21.33$21.33
Total monthly$2,131.05$2,475.44$2,493.67
Cash to close$78,370$32,450$32,450