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$236,092$236,092$351,899
Remaining term (yrs)26.426.430.0
Secondary amount$0$115,807$0
Funding fee$0$0$0
Note rate6.260%6.260%7.400%
Blended rate6.810%7.202%7.640%
1st payment$1,520.84$1,520.84$2,436.48
2nd payment$0.00$772.05$0.00
Taxes / mo$325.83$325.83$325.83
Insurance / mo$150.00$150.00$150.00
MI / mo$113.09$113.09$70.38
HOA / mo$0.00$0.00$0.00
Total monthly$2,109.77$2,881.82$2,982.69
Cash to close$154,907$39,100$39,100