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$244,509$244,509$269,910
Remaining term (yrs)27.627.630.0
Secondary amount$0$25,401$0
Funding fee$0$0$0
Note rate7.100%7.100%7.400%
Blended rate7.650%7.777%7.640%
1st payment$1,682.64$1,682.64$1,868.80
2nd payment$0.00$190.51$0.00
Taxes / mo$289.75$289.75$289.75
Insurance / mo$150.00$150.00$150.00
MI / mo$114.76$114.76$53.98
HOA / mo$0.00$0.00$0.00
Total monthly$2,237.15$2,427.66$2,362.53
Cash to close$55,391$29,990$29,990