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$252,225$252,225$292,500
Remaining term (yrs)25.225.230.0
Secondary amount$0$40,275$0
Funding fee$0$0$0
Note rate7.570%7.570%7.400%
Blended rate8.120%8.241%7.640%
1st payment$1,867.13$1,867.13$2,025.21
2nd payment$0.00$302.06$0.00
Taxes / mo$88.50$88.50$88.50
Insurance / mo$150.00$150.00$150.00
MI / mo$119.26$119.26$58.50
HOA / mo$0.00$0.00$0.00
Total monthly$2,224.89$2,526.95$2,322.21
Cash to close$72,775$32,500$32,500