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$225,128$225,128$324,000
Remaining term (yrs)28.328.330.0
Secondary amount$0$98,872$0
Funding fee$0$0$0
Note rate6.930%6.930%7.400%
Blended rate7.480%7.944%7.640%
1st payment$1,512.38$1,512.38$2,243.31
2nd payment$0.00$741.54$0.00
Taxes / mo$99.03$99.03$99.03
Insurance / mo$150.00$150.00$150.00
MI / mo$104.93$104.93$64.80
HOA / mo$11.25$11.25$11.25
Total monthly$1,877.59$2,619.13$2,568.39
Cash to close$134,872$36,000$36,000