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$227,935$227,935$467,991
Remaining term (yrs)25.925.930.0
Secondary amount$0$240,056$0
Funding fee$0$0$0
Note rate5.550%5.550%7.400%
Blended rate6.400%7.092%7.640%
1st payment$1,379.69$1,379.69$3,240.28
2nd payment$0.00$1,550.36$0.00
Taxes / mo$757.92$757.92$757.92
Insurance / mo$166.67$166.67$166.67
MI / mo$171.17$171.17$93.60
HOA / mo$11.00$11.00$11.00
Total monthly$2,486.44$4,036.80$4,269.46
Cash to close$292,055$51,999$51,999