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$242,730$242,730$297,000
Remaining term (yrs)26.026.030.0
Secondary amount$0$54,270$0
Funding fee$0$0$0
Note rate6.660%6.660%7.320%
Blended rate7.510%7.782%7.560%
1st payment$1,634.68$1,634.68$2,040.18
2nd payment$0.00$407.02$0.00
Taxes / mo$275.00$275.00$275.00
Insurance / mo$150.00$150.00$150.00
MI / mo$180.18$180.18$59.40
HOA / mo$0.00$0.00$0.00
Total monthly$2,239.86$2,646.89$2,524.58
Cash to close$87,270$33,000$33,000