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$214,847$214,847$287,550
Remaining term (yrs)26.226.230.0
Secondary amount$0$72,703$0
Funding fee$0$0$0
Note rate6.810%6.810%7.400%
Blended rate7.660%7.999%7.640%
1st payment$1,464.14$1,464.14$1,990.94
2nd payment$0.00$545.27$0.00
Taxes / mo$264.27$264.27$264.27
Insurance / mo$150.00$150.00$150.00
MI / mo$158.92$158.92$57.51
HOA / mo$0.00$0.00$0.00
Total monthly$2,037.33$2,582.61$2,462.72
Cash to close$104,653$31,950$31,950