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$224,768$224,768$358,650
Remaining term (yrs)27.727.730.0
Secondary amount$0$133,882$0
Funding fee$0$0$0
Note rate7.090%7.090%7.400%
Blended rate7.640%7.774%7.640%
1st payment$1,543.82$1,543.82$2,483.22
2nd payment$0.00$892.55$0.00
Taxes / mo$75.92$75.92$75.92
Insurance / mo$150.00$150.00$150.00
MI / mo$105.40$105.40$71.73
HOA / mo$0.00$0.00$0.00
Total monthly$1,875.13$2,767.68$2,780.87
Cash to close$173,732$39,850$39,850