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$247,793$247,793$288,000
Remaining term (yrs)29.529.530.0
Secondary amount$0$40,207$0
Funding fee$0$0$0
Note rate6.110%6.110%7.400%
Blended rate6.660%6.987%7.640%
1st payment$1,509.14$1,509.14$1,994.05
2nd payment$0.00$301.56$0.00
Taxes / mo$124.92$124.92$124.92
Insurance / mo$150.00$150.00$150.00
MI / mo$114.02$114.02$57.60
HOA / mo$0.00$0.00$0.00
Total monthly$1,898.08$2,199.63$2,326.57
Cash to close$72,207$32,000$32,000