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$252,112$252,112$378,000
Remaining term (yrs)29.829.830.0
Secondary amount$0$125,888$0
Funding fee$0$0$0
Note rate6.500%6.500%7.400%
Blended rate7.050%7.366%7.640%
1st payment$1,594.96$1,594.96$2,617.20
2nd payment$0.00$839.25$0.00
Taxes / mo$299.42$299.42$299.42
Insurance / mo$150.00$150.00$150.00
MI / mo$115.66$115.66$75.60
HOA / mo$0.00$0.00$0.00
Total monthly$2,160.03$2,999.29$3,142.21
Cash to close$167,888$42,000$42,000