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$245,231$245,231$289,800
Remaining term (yrs)26.126.130.0
Secondary amount$0$44,569$0
Funding fee$0$0$0
Note rate6.920%6.920%7.400%
Blended rate7.770%7.959%7.640%
1st payment$1,690.47$1,690.47$2,006.52
2nd payment$0.00$334.26$0.00
Taxes / mo$138.25$138.25$138.25
Insurance / mo$150.00$150.00$150.00
MI / mo$181.44$181.44$57.96
HOA / mo$0.00$0.00$0.00
Total monthly$2,160.16$2,494.42$2,352.73
Cash to close$76,769$32,200$32,200