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$233,019$233,019$247,500
Remaining term (yrs)28.928.930.0
Secondary amount$0$28,231$0
Funding fee$0$0$0
Note rate6.500%6.500%7.320%
Blended rate7.050%7.571%7.560%
1st payment$1,489.49$1,489.49$1,700.15
2nd payment$0.00$279.37$0.00
Taxes / mo$180.37$180.37$180.37
Insurance / mo$150.00$150.00$150.00
MI / mo$108.01$108.01$49.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,927.87$2,207.23$2,080.02
Cash to close$41,981$13,750$27,500