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$244,594$244,594$283,500
Remaining term (yrs)26.926.930.0
Secondary amount$0$38,906$0
Funding fee$0$0$0
Note rate7.180%7.180%7.400%
Blended rate7.730%7.904%7.640%
1st payment$1,709.44$1,709.44$1,962.90
2nd payment$0.00$291.79$0.00
Taxes / mo$105.42$105.42$105.42
Insurance / mo$150.00$150.00$150.00
MI / mo$115.66$115.66$56.70
HOA / mo$0.00$0.00$0.00
Total monthly$2,080.51$2,372.31$2,275.01
Cash to close$70,406$31,500$31,500