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$220,868$220,868$253,800
Remaining term (yrs)25.825.830.0
Secondary amount$0$32,932$0
Funding fee$0$0$0
Note rate5.230%5.230%7.400%
Blended rate6.080%6.459%7.640%
1st payment$1,298.37$1,298.37$1,757.26
2nd payment$0.00$246.99$0.00
Taxes / mo$235.00$235.00$235.00
Insurance / mo$150.00$150.00$150.00
MI / mo$166.92$166.92$50.76
HOA / mo$0.00$0.00$0.00
Total monthly$1,850.29$2,097.28$2,193.02
Cash to close$61,132$28,200$28,200