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$223,183$223,183$337,500
Remaining term (yrs)29.029.030.0
Secondary amount$0$114,317$0
Funding fee$0$0$0
Note rate6.240%6.240%7.400%
Blended rate6.790%7.200%7.640%
1st payment$1,386.21$1,386.21$2,336.78
2nd payment$0.00$762.12$0.00
Taxes / mo$473.50$473.50$473.50
Insurance / mo$150.00$150.00$150.00
MI / mo$103.30$103.30$67.50
HOA / mo$0.00$0.00$0.00
Total monthly$2,113.01$2,875.13$3,027.78
Cash to close$151,817$37,500$37,500