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$234,040$234,040$247,410
Remaining term (yrs)27.527.530.0
Secondary amount$0$27,115$0
Funding fee$0$0$0
Note rate6.610%6.610%7.320%
Blended rate7.160%7.650%7.560%
1st payment$1,537.33$1,537.33$1,699.54
2nd payment$0.00$268.32$0.00
Taxes / mo$289.33$289.33$289.33
Insurance / mo$150.00$150.00$150.00
MI / mo$110.21$110.21$49.48
HOA / mo$0.00$0.00$0.00
Total monthly$2,086.87$2,355.19$2,188.35
Cash to close$40,860$13,745$27,490