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$240,188$240,188$306,000
Remaining term (yrs)21.721.730.0
Secondary amount$0$65,812$0
Funding fee$0$0$0
Note rate4.560%4.560%7.400%
Blended rate5.410%6.182%7.640%
1st payment$1,449.21$1,449.21$2,118.68
2nd payment$0.00$493.59$0.00
Taxes / mo$227.75$227.75$227.75
Insurance / mo$150.00$150.00$150.00
MI / mo$201.18$201.18$61.20
HOA / mo$0.00$0.00$0.00
Total monthly$2,028.14$2,521.73$2,557.63
Cash to close$99,812$34,000$34,000