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$218,478$218,478$267,750
Remaining term (yrs)29.329.330.0
Secondary amount$0$49,272$0
Funding fee$0$0$0
Note rate6.110%6.110%7.320%
Blended rate6.660%7.091%7.560%
1st payment$1,333.28$1,333.28$1,839.26
2nd payment$0.00$369.54$0.00
Taxes / mo$410.42$410.42$410.42
Insurance / mo$150.00$150.00$150.00
MI / mo$100.73$100.73$53.55
HOA / mo$0.00$0.00$0.00
Total monthly$1,994.42$2,363.96$2,453.22
Cash to close$79,022$29,750$29,750