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$219,999$219,999$238,500
Remaining term (yrs)27.527.530.0
Secondary amount$0$31,751$0
Funding fee$0$0$0
Note rate6.790%6.790%7.400%
Blended rate7.340%7.912%7.640%
1st payment$1,470.76$1,470.76$1,651.33
2nd payment$0.00$314.21$0.00
Taxes / mo$220.83$220.83$220.83
Insurance / mo$150.00$150.00$150.00
MI / mo$103.51$103.51$47.70
HOA / mo$0.00$0.00$0.00
Total monthly$1,945.11$2,259.31$2,069.86
Cash to close$45,001$13,250$26,500