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$201,175$201,175$247,500
Remaining term (yrs)27.627.630.0
Secondary amount$0$46,325$0
Funding fee$0$0$0
Note rate7.170%7.170%7.400%
Blended rate7.720%7.960%7.640%
1st payment$1,393.73$1,393.73$1,713.64
2nd payment$0.00$347.44$0.00
Taxes / mo$235.58$235.58$235.58
Insurance / mo$150.00$150.00$150.00
MI / mo$94.39$94.39$49.50
HOA / mo$148.00$148.00$148.00
Total monthly$2,021.70$2,369.14$2,296.72
Cash to close$73,825$27,500$27,500