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$242,612$242,612$278,100
Remaining term (yrs)28.828.830.0
Secondary amount$0$35,488$0
Funding fee$0$0$0
Note rate6.810%6.810%7.320%
Blended rate7.360%7.569%7.560%
1st payment$1,601.60$1,601.60$1,910.35
2nd payment$0.00$266.16$0.00
Taxes / mo$98.25$98.25$98.25
Insurance / mo$150.00$150.00$150.00
MI / mo$112.48$112.48$55.62
HOA / mo$112.00$112.00$112.00
Total monthly$2,074.33$2,340.49$2,326.22
Cash to close$66,388$30,900$30,900