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$244,970$244,970$283,500
Remaining term (yrs)25.725.730.0
Secondary amount$0$38,530$0
Funding fee$0$0$0
Note rate5.780%5.780%7.400%
Blended rate6.630%6.952%7.640%
1st payment$1,523.42$1,523.42$1,962.90
2nd payment$0.00$288.98$0.00
Taxes / mo$141.00$141.00$141.00
Insurance / mo$150.00$150.00$150.00
MI / mo$184.31$184.31$56.70
HOA / mo$25.00$25.00$25.00
Total monthly$2,023.73$2,312.70$2,335.60
Cash to close$70,030$31,500$31,500