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$233,602$233,602$276,300
Remaining term (yrs)25.625.630.0
Secondary amount$0$42,698$0
Funding fee$0$0$0
Note rate5.100%5.100%7.320%
Blended rate5.950%6.421%7.560%
1st payment$1,359.44$1,359.44$1,897.99
2nd payment$0.00$320.23$0.00
Taxes / mo$232.13$232.13$232.13
Insurance / mo$150.00$150.00$150.00
MI / mo$177.35$177.35$55.26
HOA / mo$0.00$0.00$0.00
Total monthly$1,918.93$2,239.16$2,335.38
Cash to close$73,398$30,700$30,700