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$233,027$233,027$314,910
Remaining term (yrs)28.428.430.0
Secondary amount$0$81,883$0
Funding fee$0$0$0
Note rate6.870%6.870%7.320%
Blended rate7.420%7.831%7.560%
1st payment$1,553.29$1,553.29$2,163.21
2nd payment$0.00$614.13$0.00
Taxes / mo$108.67$108.67$108.67
Insurance / mo$150.00$150.00$150.00
MI / mo$108.43$108.43$62.98
HOA / mo$0.00$0.00$0.00
Total monthly$1,920.39$2,534.51$2,484.86
Cash to close$116,873$34,990$34,990