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$211,998$211,998$229,500
Remaining term (yrs)27.027.030.0
Secondary amount$0$30,252$0
Funding fee$0$0$0
Note rate7.200%7.200%7.320%
Blended rate7.750%8.265%7.560%
1st payment$1,482.94$1,482.94$1,576.51
2nd payment$0.00$299.36$0.00
Taxes / mo$531.17$531.17$531.17
Insurance / mo$150.00$150.00$150.00
MI / mo$100.13$100.13$45.90
HOA / mo$0.00$0.00$0.00
Total monthly$2,264.24$2,563.60$2,303.57
Cash to close$43,002$12,750$25,500