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$254,771$254,771$324,000
Remaining term (yrs)26.226.230.0
Secondary amount$0$69,229$0
Funding fee$0$0$0
Note rate6.330%6.330%7.400%
Blended rate7.180%7.569%7.640%
1st payment$1,658.46$1,658.46$2,243.31
2nd payment$0.00$519.22$0.00
Taxes / mo$84.92$84.92$84.92
Insurance / mo$150.00$150.00$150.00
MI / mo$189.19$189.19$64.80
HOA / mo$0.00$0.00$0.00
Total monthly$2,082.57$2,601.79$2,543.03
Cash to close$105,229$36,000$36,000