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$247,541$247,541$332,100
Remaining term (yrs)25.625.630.0
Secondary amount$0$84,559$0
Funding fee$0$0$0
Note rate5.110%5.110%7.400%
Blended rate5.960%6.734%7.640%
1st payment$1,442.02$1,442.02$2,299.39
2nd payment$0.00$634.19$0.00
Taxes / mo$81.08$81.08$81.08
Insurance / mo$150.00$150.00$150.00
MI / mo$187.91$187.91$66.42
HOA / mo$0.00$0.00$0.00
Total monthly$1,861.02$2,495.21$2,596.90
Cash to close$121,459$36,900$36,900