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$247,943$247,943$391,410
Remaining term (yrs)27.427.430.0
Secondary amount$0$143,467$0
Funding fee$0$0$0
Note rate6.610%6.610%7.400%
Blended rate7.160%7.468%7.640%
1st payment$1,632.12$1,632.12$2,710.04
2nd payment$0.00$956.45$0.00
Taxes / mo$362.42$362.42$362.42
Insurance / mo$150.00$150.00$150.00
MI / mo$117.01$117.01$78.28
HOA / mo$0.00$0.00$0.00
Total monthly$2,261.54$3,217.99$3,300.74
Cash to close$186,957$43,490$43,490