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$247,763$247,763$314,910
Remaining term (yrs)27.527.530.0
Secondary amount$0$67,147$0
Funding fee$0$0$0
Note rate6.820%6.820%7.320%
Blended rate7.370%7.718%7.560%
1st payment$1,661.22$1,661.22$2,163.21
2nd payment$0.00$503.60$0.00
Taxes / mo$128.08$128.08$128.08
Insurance / mo$150.00$150.00$150.00
MI / mo$116.55$116.55$62.98
HOA / mo$0.00$0.00$0.00
Total monthly$2,055.86$2,559.46$2,504.28
Cash to close$102,137$34,990$34,990