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$241,608$241,608$278,910
Remaining term (yrs)25.925.930.0
Secondary amount$0$37,302$0
Funding fee$0$0$0
Note rate5.890%5.890%7.400%
Blended rate6.740%7.042%7.640%
1st payment$1,512.59$1,512.59$1,931.12
2nd payment$0.00$279.77$0.00
Taxes / mo$145.33$145.33$145.33
Insurance / mo$150.00$150.00$150.00
MI / mo$180.83$180.83$55.78
HOA / mo$0.00$0.00$0.00
Total monthly$1,988.75$2,268.52$2,282.23
Cash to close$68,292$30,990$30,990