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$246,926$246,926$283,500
Remaining term (yrs)29.429.430.0
Secondary amount$0$36,574$0
Funding fee$0$0$0
Note rate6.580%6.580%7.400%
Blended rate7.130%7.371%7.640%
1st payment$1,582.32$1,582.32$1,962.90
2nd payment$0.00$274.31$0.00
Taxes / mo$205.08$205.08$205.08
Insurance / mo$150.00$150.00$150.00
MI / mo$113.79$113.79$56.70
HOA / mo$0.00$0.00$0.00
Total monthly$2,051.19$2,325.50$2,374.68
Cash to close$68,074$31,500$31,500