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$235,040$235,040$292,410
Remaining term (yrs)26.126.130.0
Secondary amount$0$57,370$0
Funding fee$0$0$0
Note rate6.940%6.940%7.400%
Blended rate7.790%8.027%7.640%
1st payment$1,623.25$1,623.25$2,024.59
2nd payment$0.00$430.27$0.00
Taxes / mo$135.67$135.67$135.67
Insurance / mo$150.00$150.00$150.00
MI / mo$173.88$173.88$58.48
HOA / mo$0.00$0.00$0.00
Total monthly$2,082.79$2,513.06$2,368.74
Cash to close$89,860$32,490$32,490