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$217,919$217,919$305,100
Remaining term (yrs)27.227.230.0
Secondary amount$0$87,181$0
Funding fee$0$0$0
Note rate7.440%7.440%7.320%
Blended rate7.990%8.279%7.560%
1st payment$1,556.01$1,556.01$2,095.83
2nd payment$0.00$653.86$0.00
Taxes / mo$137.00$137.00$137.00
Insurance / mo$150.00$150.00$150.00
MI / mo$102.60$102.60$61.02
HOA / mo$489.00$489.00$489.00
Total monthly$2,434.60$3,088.46$2,932.85
Cash to close$121,081$33,900$33,900