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$220,037$220,037$251,100
Remaining term (yrs)26.826.830.0
Secondary amount$0$31,063$0
Funding fee$0$0$0
Note rate6.810%6.810%7.400%
Blended rate7.360%7.563%7.640%
1st payment$1,487.91$1,487.91$1,738.57
2nd payment$0.00$232.97$0.00
Taxes / mo$303.25$303.25$303.25
Insurance / mo$150.00$150.00$150.00
MI / mo$104.50$104.50$50.22
HOA / mo$350.00$350.00$350.00
Total monthly$2,395.66$2,628.63$2,592.04
Cash to close$58,963$27,900$27,900