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$234,981$234,981$247,500
Remaining term (yrs)27.727.730.0
Secondary amount$0$26,269$0
Funding fee$0$0$0
Note rate6.940%6.940%7.400%
Blended rate7.490%7.931%7.640%
1st payment$1,590.78$1,590.78$1,713.64
2nd payment$0.00$259.95$0.00
Taxes / mo$229.17$229.17$229.17
Insurance / mo$150.00$150.00$150.00
MI / mo$110.26$110.26$49.50
HOA / mo$0.00$0.00$0.00
Total monthly$2,080.21$2,340.16$2,142.31
Cash to close$40,019$13,750$27,500