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$241,932$241,932$265,410
Remaining term (yrs)26.126.130.0
Secondary amount$0$38,223$0
Funding fee$0$0$0
Note rate5.660%5.660%7.400%
Blended rate6.510%7.242%7.640%
1st payment$1,476.45$1,476.45$1,837.65
2nd payment$0.00$378.24$0.00
Taxes / mo$386.92$386.92$386.92
Insurance / mo$150.00$150.00$150.00
MI / mo$180.98$180.98$53.08
HOA / mo$0.00$0.00$0.00
Total monthly$2,194.35$2,572.59$2,427.64
Cash to close$52,968$14,745$29,490