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$254,000$254,000$395,280
Remaining term (yrs)29.629.630.0
Secondary amount$0$141,280$0
Funding fee$0$0$0
Note rate6.460%6.460%7.400%
Blended rate7.010%7.364%7.640%
1st payment$1,603.18$1,603.18$2,736.84
2nd payment$0.00$941.87$0.00
Taxes / mo$366.00$366.00$366.00
Insurance / mo$150.00$150.00$150.00
MI / mo$116.74$116.74$79.06
HOA / mo$0.00$0.00$0.00
Total monthly$2,235.92$3,177.79$3,331.89
Cash to close$185,200$43,920$43,920