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$217,960$217,960$248,760
Remaining term (yrs)27.327.330.0
Secondary amount$0$30,800$0
Funding fee$0$0$0
Note rate6.660%6.660%7.320%
Blended rate7.210%7.432%7.560%
1st payment$1,441.78$1,441.78$1,708.81
2nd payment$0.00$231.00$0.00
Taxes / mo$204.00$204.00$204.00
Insurance / mo$150.00$150.00$150.00
MI / mo$102.83$102.83$49.75
HOA / mo$0.00$0.00$0.00
Total monthly$1,898.62$2,129.62$2,112.56
Cash to close$58,440$27,640$27,640