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$252,440$252,440$418,500
Remaining term (yrs)27.327.330.0
Secondary amount$0$166,060$0
Funding fee$0$0$0
Note rate6.610%6.610%7.320%
Blended rate7.160%7.493%7.560%
1st payment$1,663.51$1,663.51$2,874.80
2nd payment$0.00$1,107.07$0.00
Taxes / mo$284.83$284.83$284.83
Insurance / mo$166.67$166.67$166.67
MI / mo$119.26$119.26$83.70
HOA / mo$0.00$0.00$0.00
Total monthly$2,234.27$3,341.33$3,410.00
Cash to close$212,560$46,500$46,500