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$211,269$211,269$225,000
Remaining term (yrs)27.427.430.0
Secondary amount$0$26,231$0
Funding fee$0$0$0
Note rate6.880%6.880%7.320%
Blended rate7.430%7.921%7.560%
1st payment$1,426.24$1,426.24$1,545.59
2nd payment$0.00$259.58$0.00
Taxes / mo$143.33$143.33$143.33
Insurance / mo$150.00$150.00$150.00
MI / mo$99.46$99.46$45.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,819.03$2,078.61$1,883.93
Cash to close$38,731$12,500$25,000