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$222,985$222,985$247,500
Remaining term (yrs)28.028.030.0
Secondary amount$0$38,265$0
Funding fee$0$0$0
Note rate6.350%6.350%7.320%
Blended rate6.900%7.629%7.560%
1st payment$1,418.20$1,418.20$1,700.15
2nd payment$0.00$378.67$0.00
Taxes / mo$130.58$130.58$130.58
Insurance / mo$150.00$150.00$150.00
MI / mo$104.46$104.46$49.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,803.25$2,181.91$2,030.24
Cash to close$52,015$13,750$27,500