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$233,505$233,505$260,100
Remaining term (yrs)27.427.430.0
Secondary amount$0$26,595$0
Funding fee$0$0$0
Note rate6.640%6.640%7.400%
Blended rate7.190%7.375%7.640%
1st payment$1,539.96$1,539.96$1,800.88
2nd payment$0.00$199.46$0.00
Taxes / mo$401.42$401.42$401.42
Insurance / mo$150.00$150.00$150.00
MI / mo$110.06$110.06$52.02
HOA / mo$0.00$0.00$0.00
Total monthly$2,201.44$2,400.90$2,404.32
Cash to close$55,495$28,900$28,900