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$233,431$233,431$269,100
Remaining term (yrs)27.027.030.0
Secondary amount$0$35,669$0
Funding fee$0$0$0
Note rate7.570%7.570%7.400%
Blended rate8.120%8.237%7.640%
1st payment$1,690.13$1,690.13$1,863.19
2nd payment$0.00$267.52$0.00
Taxes / mo$185.67$185.67$185.67
Insurance / mo$150.00$150.00$150.00
MI / mo$110.03$110.03$53.82
HOA / mo$0.00$0.00$0.00
Total monthly$2,135.83$2,403.34$2,252.68
Cash to close$65,569$29,900$29,900