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$229,902$229,902$292,500
Remaining term (yrs)26.226.230.0
Secondary amount$0$62,598$0
Funding fee$0$0$0
Note rate6.610%6.610%7.400%
Blended rate7.460%7.790%7.640%
1st payment$1,537.33$1,537.33$2,025.21
2nd payment$0.00$469.49$0.00
Taxes / mo$171.33$171.33$171.33
Insurance / mo$150.00$150.00$150.00
MI / mo$170.33$170.33$58.50
HOA / mo$0.00$0.00$0.00
Total monthly$2,028.99$2,498.48$2,405.04
Cash to close$95,098$32,500$32,500