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$242,210$242,210$274,500
Remaining term (yrs)28.628.630.0
Secondary amount$0$32,290$0
Funding fee$0$0$0
Note rate6.810%6.810%7.320%
Blended rate7.360%7.553%7.560%
1st payment$1,601.92$1,601.92$1,885.62
2nd payment$0.00$242.17$0.00
Taxes / mo$101.00$101.00$101.00
Insurance / mo$150.00$150.00$150.00
MI / mo$112.51$112.51$54.90
HOA / mo$0.00$0.00$0.00
Total monthly$1,965.43$2,207.60$2,191.52
Cash to close$62,790$30,500$30,500