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$249,448$249,448$295,200
Remaining term (yrs)23.723.730.0
Secondary amount$0$45,752$0
Funding fee$0$0$0
Note rate6.500%6.500%7.320%
Blended rate7.050%7.352%7.560%
1st payment$1,717.56$1,717.56$2,027.82
2nd payment$0.00$343.14$0.00
Taxes / mo$66.58$66.58$66.58
Insurance / mo$150.00$150.00$150.00
MI / mo$116.59$116.59$59.04
HOA / mo$0.00$0.00$0.00
Total monthly$2,050.73$2,393.87$2,303.44
Cash to close$78,552$32,800$32,800