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$219,013$219,013$274,500
Remaining term (yrs)27.327.330.0
Secondary amount$0$55,487$0
Funding fee$0$0$0
Note rate6.500%6.500%7.400%
Blended rate7.050%7.444%7.640%
1st payment$1,427.75$1,427.75$1,900.58
2nd payment$0.00$416.15$0.00
Taxes / mo$361.83$361.83$361.83
Insurance / mo$150.00$150.00$150.00
MI / mo$103.53$103.53$54.90
HOA / mo$0.00$0.00$0.00
Total monthly$2,043.12$2,459.26$2,467.31
Cash to close$85,987$30,500$30,500