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$241,293$241,293$324,000
Remaining term (yrs)27.427.430.0
Secondary amount$0$82,707$0
Funding fee$0$0$0
Note rate6.940%6.940%7.320%
Blended rate7.490%7.875%7.560%
1st payment$1,638.39$1,638.39$2,225.66
2nd payment$0.00$620.30$0.00
Taxes / mo$300.00$300.00$300.00
Insurance / mo$150.00$150.00$150.00
MI / mo$113.56$113.56$64.80
HOA / mo$0.00$0.00$0.00
Total monthly$2,201.95$2,822.25$2,740.46
Cash to close$118,707$36,000$36,000