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$248,339$248,339$405,000
Remaining term (yrs)28.128.130.0
Secondary amount$0$156,661$0
Funding fee$0$0$0
Note rate6.540%6.540%7.400%
Blended rate7.090%7.442%7.640%
1st payment$1,608.21$1,608.21$2,804.14
2nd payment$0.00$1,044.41$0.00
Taxes / mo$193.08$193.08$193.08
Insurance / mo$150.00$150.00$150.00
MI / mo$116.13$116.13$81.00
HOA / mo$0.00$0.00$0.00
Total monthly$2,067.43$3,111.84$3,228.22
Cash to close$201,661$45,000$45,000