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$242,877$242,877$314,100
Remaining term (yrs)28.428.430.0
Secondary amount$0$71,223$0
Funding fee$0$0$0
Note rate6.620%6.620%7.320%
Blended rate7.170%7.585%7.560%
1st payment$1,579.15$1,579.15$2,157.65
2nd payment$0.00$534.17$0.00
Taxes / mo$100.00$100.00$100.00
Insurance / mo$150.00$150.00$150.00
MI / mo$113.09$113.09$62.82
HOA / mo$171.00$171.00$171.00
Total monthly$2,113.25$2,647.42$2,641.47
Cash to close$106,123$34,900$34,900