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$238,807$238,807$261,000
Remaining term (yrs)25.825.830.0
Secondary amount$0$36,693$0
Funding fee$0$0$0
Note rate5.510%5.510%7.320%
Blended rate6.360%7.095%7.560%
1st payment$1,441.79$1,441.79$1,792.89
2nd payment$0.00$363.11$0.00
Taxes / mo$203.92$203.92$203.92
Insurance / mo$150.00$150.00$150.00
MI / mo$179.67$179.67$52.20
HOA / mo$165.00$165.00$165.00
Total monthly$2,140.37$2,503.48$2,364.01
Cash to close$51,193$14,500$29,000