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$252,681$252,681$319,500
Remaining term (yrs)25.825.830.0
Secondary amount$0$66,819$0
Funding fee$0$0$0
Note rate5.090%5.090%7.400%
Blended rate5.940%6.580%7.640%
1st payment$1,464.41$1,464.41$2,212.15
2nd payment$0.00$501.14$0.00
Taxes / mo$295.83$295.83$295.83
Insurance / mo$150.00$150.00$150.00
MI / mo$191.26$191.26$63.90
HOA / mo$0.00$0.00$0.00
Total monthly$2,101.51$2,602.65$2,721.89
Cash to close$102,319$35,500$35,500