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$229,232$229,232$278,100
Remaining term (yrs)27.427.430.0
Secondary amount$0$48,868$0
Funding fee$0$0$0
Note rate6.790%6.790%7.320%
Blended rate7.340%7.632%7.560%
1st payment$1,534.07$1,534.07$1,910.35
2nd payment$0.00$366.51$0.00
Taxes / mo$250.00$250.00$250.00
Insurance / mo$150.00$150.00$150.00
MI / mo$107.96$107.96$55.62
HOA / mo$0.00$0.00$0.00
Total monthly$2,042.03$2,408.54$2,365.97
Cash to close$79,768$30,900$30,900