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$212,320$212,320$247,500
Remaining term (yrs)28.328.330.0
Secondary amount$0$35,180$0
Funding fee$0$0$0
Note rate6.930%6.930%7.320%
Blended rate7.480%7.696%7.560%
1st payment$1,426.34$1,426.34$1,700.15
2nd payment$0.00$263.85$0.00
Taxes / mo$364.62$364.62$364.62
Insurance / mo$150.00$150.00$150.00
MI / mo$98.96$98.96$49.50
HOA / mo$5.00$5.00$5.00
Total monthly$2,044.92$2,308.76$2,269.27
Cash to close$62,680$27,500$27,500