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$235,004$235,004$256,500
Remaining term (yrs)27.927.930.0
Secondary amount$0$35,746$0
Funding fee$0$0$0
Note rate6.500%6.500%7.320%
Blended rate7.050%7.687%7.560%
1st payment$1,520.52$1,520.52$1,761.98
2nd payment$0.00$353.73$0.00
Taxes / mo$215.33$215.33$215.33
Insurance / mo$150.00$150.00$150.00
MI / mo$110.26$110.26$51.30
HOA / mo$0.00$0.00$0.00
Total monthly$1,996.11$2,349.84$2,178.61
Cash to close$49,996$14,250$28,500