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$254,428$254,428$292,500
Remaining term (yrs)26.426.430.0
Secondary amount$0$38,072$0
Funding fee$0$0$0
Note rate6.650%6.650%7.400%
Blended rate7.200%7.434%7.640%
1st payment$1,701.91$1,701.91$2,025.21
2nd payment$0.00$285.54$0.00
Taxes / mo$120.25$120.25$120.25
Insurance / mo$150.00$150.00$150.00
MI / mo$121.51$121.51$58.50
HOA / mo$0.00$0.00$0.00
Total monthly$2,093.66$2,379.21$2,353.96
Cash to close$70,572$32,500$32,500