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$236,594$236,594$269,910
Remaining term (yrs)26.026.030.0
Secondary amount$0$33,316$0
Funding fee$0$0$0
Note rate5.220%5.220%7.320%
Blended rate6.070%6.432%7.560%
1st payment$1,383.14$1,383.14$1,854.09
2nd payment$0.00$249.87$0.00
Taxes / mo$148.96$148.96$148.96
Insurance / mo$150.00$150.00$150.00
MI / mo$178.02$178.02$53.98
HOA / mo$0.00$0.00$0.00
Total monthly$1,860.12$2,109.99$2,207.03
Cash to close$63,306$29,990$29,990