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$250,939$250,939$602,910
Remaining term (yrs)19.919.930.0
Secondary amount$0$351,971$0
Funding fee$0$0$0
Note rate8.099%8.099%7.400%
Blended rate8.949%8.249%7.640%
1st payment$2,110.92$2,110.92$4,174.43
2nd payment$0.00$2,273.14$0.00
Taxes / mo$558.25$558.25$558.25
Insurance / mo$166.67$166.67$166.67
MI / mo$201.88$201.88$120.58
HOA / mo$630.00$630.00$630.00
Total monthly$3,667.71$5,940.85$5,649.93
Cash to close$418,961$66,990$66,990