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$248,669$248,669$260,820
Remaining term (yrs)27.927.930.0
Secondary amount$0$26,641$0
Funding fee$0$0$0
Note rate6.350%6.350%7.400%
Blended rate6.900%7.381%7.640%
1st payment$1,583.25$1,583.25$1,805.86
2nd payment$0.00$263.63$0.00
Taxes / mo$134.50$134.50$134.50
Insurance / mo$150.00$150.00$150.00
MI / mo$116.62$116.62$52.16
HOA / mo$0.00$0.00$0.00
Total monthly$1,984.37$2,248.00$2,142.53
Cash to close$41,131$14,490$28,980