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$226,854$226,854$252,000
Remaining term (yrs)27.927.930.0
Secondary amount$0$25,146$0
Funding fee$0$0$0
Note rate6.730%6.730%7.400%
Blended rate7.280%7.452%7.640%
1st payment$1,501.60$1,501.60$1,744.80
2nd payment$0.00$188.60$0.00
Taxes / mo$245.83$245.83$245.83
Insurance / mo$150.00$150.00$150.00
MI / mo$106.33$106.33$50.40
HOA / mo$365.00$365.00$365.00
Total monthly$2,368.76$2,557.36$2,556.03
Cash to close$53,146$28,000$28,000