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$245,191$245,191$449,100
Remaining term (yrs)26.726.730.0
Secondary amount$0$203,909$0
Funding fee$0$0$0
Note rate6.790%6.790%7.400%
Blended rate7.340%7.526%7.640%
1st payment$1,656.64$1,656.64$3,109.48
2nd payment$0.00$1,316.91$0.00
Taxes / mo$395.67$395.67$395.67
Insurance / mo$166.67$166.67$166.67
MI / mo$116.59$116.59$89.82
HOA / mo$0.00$0.00$0.00
Total monthly$2,335.56$3,652.47$3,761.63
Cash to close$253,809$49,900$49,900