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$216,566$216,566$332,910
Remaining term (yrs)25.925.930.0
Secondary amount$0$116,344$0
Funding fee$0$0$0
Note rate5.540%5.540%7.320%
Blended rate6.390%6.953%7.560%
1st payment$1,311.44$1,311.44$2,286.86
2nd payment$0.00$775.63$0.00
Taxes / mo$203.25$203.25$203.25
Insurance / mo$150.00$150.00$150.00
MI / mo$162.88$162.88$66.58
HOA / mo$0.00$0.00$0.00
Total monthly$1,827.57$2,603.20$2,706.70
Cash to close$153,334$36,990$36,990