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$224,684$224,684$263,610
Remaining term (yrs)27.227.230.0
Secondary amount$0$38,926$0
Funding fee$0$0$0
Note rate6.500%6.500%7.320%
Blended rate7.050%7.338%7.560%
1st payment$1,466.33$1,466.33$1,810.82
2nd payment$0.00$291.95$0.00
Taxes / mo$300.76$300.76$300.76
Insurance / mo$150.00$150.00$150.00
MI / mo$106.33$106.33$52.72
HOA / mo$0.00$0.00$0.00
Total monthly$2,023.43$2,315.37$2,314.30
Cash to close$68,216$29,290$29,290