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$246,697$246,697$341,991
Remaining term (yrs)26.326.330.0
Secondary amount$0$95,294$0
Funding fee$0$0$0
Note rate5.500%5.500%7.240%
Blended rate6.050%6.872%7.480%
1st payment$1,477.39$1,477.39$2,330.66
2nd payment$0.00$714.70$0.00
Taxes / mo$205.83$205.83$205.83
Insurance / mo$150.00$150.00$150.00
MI / mo$119.26$119.26$68.40
HOA / mo$0.00$0.00$0.00
Total monthly$1,952.48$2,667.18$2,754.89
Cash to close$133,293$37,999$37,999