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$246,229$246,229$315,000
Remaining term (yrs)28.728.730.0
Secondary amount$0$68,771$0
Funding fee$0$0$0
Note rate6.850%6.850%7.400%
Blended rate7.400%7.749%7.640%
1st payment$1,633.48$1,633.48$2,181.00
2nd payment$0.00$515.79$0.00
Taxes / mo$202.58$202.58$202.58
Insurance / mo$150.00$150.00$150.00
MI / mo$114.26$114.26$63.00
HOA / mo$16.67$16.67$16.67
Total monthly$2,116.99$2,632.77$2,613.25
Cash to close$103,771$35,000$35,000