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$238,858$238,858$283,500
Remaining term (yrs)27.427.430.0
Secondary amount$0$44,642$0
Funding fee$0$0$0
Note rate6.770%6.770%7.400%
Blended rate7.320%7.585%7.640%
1st payment$1,595.39$1,595.39$1,962.90
2nd payment$0.00$334.81$0.00
Taxes / mo$290.75$290.75$290.75
Insurance / mo$150.00$150.00$150.00
MI / mo$112.51$112.51$56.70
HOA / mo$0.00$0.00$0.00
Total monthly$2,148.64$2,483.46$2,460.35
Cash to close$76,142$31,500$31,500