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$233,054$233,054$245,700
Remaining term (yrs)28.428.430.0
Secondary amount$0$26,296$0
Funding fee$0$0$0
Note rate6.850%6.850%7.320%
Blended rate7.400%7.854%7.560%
1st payment$1,551.87$1,551.87$1,687.79
2nd payment$0.00$260.22$0.00
Taxes / mo$329.00$329.00$329.00
Insurance / mo$150.00$150.00$150.00
MI / mo$108.55$108.55$49.14
HOA / mo$25.00$25.00$25.00
Total monthly$2,164.42$2,424.64$2,240.93
Cash to close$39,946$13,650$27,300