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$233,832$233,832$314,991
Remaining term (yrs)26.326.330.0
Secondary amount$0$81,159$0
Funding fee$0$0$0
Note rate6.270%6.270%7.320%
Blended rate6.820%7.382%7.560%
1st payment$1,509.60$1,509.60$2,163.77
2nd payment$0.00$608.69$0.00
Taxes / mo$173.11$173.11$173.11
Insurance / mo$150.00$150.00$150.00
MI / mo$112.14$112.14$63.00
HOA / mo$41.67$41.67$41.67
Total monthly$1,986.52$2,595.21$2,591.55
Cash to close$116,158$34,999$34,999