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$225,469$225,469$279,000
Remaining term (yrs)25.825.830.0
Secondary amount$0$53,531$0
Funding fee$0$0$0
Note rate5.230%5.230%7.400%
Blended rate6.080%6.640%7.640%
1st payment$1,325.41$1,325.41$1,931.74
2nd payment$0.00$401.48$0.00
Taxes / mo$415.00$415.00$415.00
Insurance / mo$150.00$150.00$150.00
MI / mo$170.40$170.40$55.80
HOA / mo$0.00$0.00$0.00
Total monthly$2,060.81$2,462.29$2,552.54
Cash to close$84,531$31,000$31,000