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$232,161$232,161$305,910
Remaining term (yrs)26.826.830.0
Secondary amount$0$73,749$0
Funding fee$0$0$0
Note rate6.810%6.810%7.400%
Blended rate7.360%7.755%7.640%
1st payment$1,569.89$1,569.89$2,118.06
2nd payment$0.00$553.12$0.00
Taxes / mo$214.07$214.07$214.07
Insurance / mo$150.00$150.00$150.00
MI / mo$110.26$110.26$61.18
HOA / mo$0.00$0.00$0.00
Total monthly$2,044.21$2,597.33$2,543.31
Cash to close$107,739$33,990$33,990