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$237,525$237,525$261,000
Remaining term (yrs)28.328.330.0
Secondary amount$0$37,975$0
Funding fee$0$0$0
Note rate6.930%6.930%7.400%
Blended rate7.480%8.086%7.640%
1st payment$1,595.66$1,595.66$1,807.11
2nd payment$0.00$375.79$0.00
Taxes / mo$72.83$72.83$72.83
Insurance / mo$150.00$150.00$150.00
MI / mo$110.71$110.71$52.20
HOA / mo$0.00$0.00$0.00
Total monthly$1,929.20$2,304.99$2,082.14
Cash to close$52,475$14,500$29,000