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$245,726$245,726$359,910
Remaining term (yrs)25.725.730.0
Secondary amount$0$114,184$0
Funding fee$0$0$0
Note rate5.250%5.250%7.320%
Blended rate6.100%6.703%7.560%
1st payment$1,449.62$1,449.62$2,472.33
2nd payment$0.00$761.22$0.00
Taxes / mo$120.75$120.75$120.75
Insurance / mo$150.00$150.00$150.00
MI / mo$185.95$185.95$71.98
HOA / mo$75.00$75.00$75.00
Total monthly$1,981.32$2,742.54$2,890.06
Cash to close$154,174$39,990$39,990