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$232,705$232,705$256,500
Remaining term (yrs)25.825.830.0
Secondary amount$0$38,045$0
Funding fee$0$0$0
Note rate5.520%5.520%7.400%
Blended rate6.370%7.144%7.640%
1st payment$1,408.39$1,408.39$1,775.95
2nd payment$0.00$376.49$0.00
Taxes / mo$276.00$276.00$276.00
Insurance / mo$150.00$150.00$150.00
MI / mo$175.31$175.31$51.30
HOA / mo$302.00$302.00$302.00
Total monthly$2,311.70$2,688.19$2,555.25
Cash to close$52,295$14,250$28,500