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$221,686$221,686$265,500
Remaining term (yrs)26.926.930.0
Secondary amount$0$43,814$0
Funding fee$0$0$0
Note rate7.180%7.180%7.320%
Blended rate7.730%7.940%7.560%
1st payment$1,550.90$1,550.90$1,823.80
2nd payment$0.00$328.60$0.00
Taxes / mo$123.33$123.33$123.33
Insurance / mo$150.00$150.00$150.00
MI / mo$104.93$104.93$53.10
HOA / mo$0.00$0.00$0.00
Total monthly$1,929.16$2,257.76$2,150.23
Cash to close$73,314$29,500$29,500