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$243,917$243,917$297,000
Remaining term (yrs)27.127.130.0
Secondary amount$0$53,083$0
Funding fee$0$0$0
Note rate7.760%7.760%7.400%
Blended rate8.310%8.433%7.640%
1st payment$1,795.49$1,795.49$2,056.37
2nd payment$0.00$398.12$0.00
Taxes / mo$59.42$59.42$59.42
Insurance / mo$150.00$150.00$150.00
MI / mo$114.76$114.76$59.40
HOA / mo$0.00$0.00$0.00
Total monthly$2,119.67$2,517.79$2,325.18
Cash to close$86,083$33,000$33,000