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$248,542$248,542$562,410
Remaining term (yrs)27.627.630.0
Secondary amount$0$313,868$0
Funding fee$0$0$0
Note rate7.220%7.220%7.320%
Blended rate7.770%7.759%7.560%
1st payment$1,730.11$1,730.11$3,863.37
2nd payment$0.00$2,027.07$0.00
Taxes / mo$110.50$110.50$110.50
Insurance / mo$166.67$166.67$166.67
MI / mo$116.59$116.59$112.48
HOA / mo$245.00$245.00$245.00
Total monthly$2,368.87$4,395.93$4,498.02
Cash to close$376,358$62,490$62,490