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$242,340$242,340$269,100
Remaining term (yrs)26.626.630.0
Secondary amount$0$26,760$0
Funding fee$0$0$0
Note rate6.430%6.430%7.320%
Blended rate6.980%7.181%7.560%
1st payment$1,583.36$1,583.36$1,848.53
2nd payment$0.00$200.70$0.00
Taxes / mo$434.08$434.08$434.08
Insurance / mo$150.00$150.00$150.00
MI / mo$115.66$115.66$53.82
HOA / mo$15.83$15.83$15.83
Total monthly$2,298.93$2,499.63$2,502.26
Cash to close$56,660$29,900$29,900