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$240,742$240,742$261,000
Remaining term (yrs)25.925.930.0
Secondary amount$0$34,758$0
Funding fee$0$0$0
Note rate5.890%5.890%7.400%
Blended rate6.740%7.388%7.640%
1st payment$1,507.16$1,507.16$1,807.11
2nd payment$0.00$343.96$0.00
Taxes / mo$165.08$165.08$165.08
Insurance / mo$150.00$150.00$150.00
MI / mo$180.18$180.18$52.20
HOA / mo$0.00$0.00$0.00
Total monthly$2,002.43$2,346.39$2,174.39
Cash to close$49,258$14,500$29,000