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$238,454$238,454$256,500
Remaining term (yrs)27.227.230.0
Secondary amount$0$32,296$0
Funding fee$0$0$0
Note rate7.030%7.030%7.400%
Blended rate7.580%8.092%7.640%
1st payment$1,638.07$1,638.07$1,775.95
2nd payment$0.00$319.60$0.00
Taxes / mo$82.75$82.75$82.75
Insurance / mo$150.00$150.00$150.00
MI / mo$112.51$112.51$51.30
HOA / mo$0.00$0.00$0.00
Total monthly$1,983.33$2,302.93$2,060.00
Cash to close$46,546$14,250$28,500