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$225,126$225,126$292,410
Remaining term (yrs)25.725.730.0
Secondary amount$0$67,284$0
Funding fee$0$0$0
Note rate5.230%5.230%7.320%
Blended rate6.080%6.752%7.560%
1st payment$1,325.41$1,325.41$2,008.65
2nd payment$0.00$504.63$0.00
Taxes / mo$159.91$159.91$159.91
Insurance / mo$150.00$150.00$150.00
MI / mo$170.40$170.40$58.48
HOA / mo$0.00$0.00$0.00
Total monthly$1,805.72$2,310.34$2,377.04
Cash to close$99,774$32,490$32,490