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$231,549$231,549$292,500
Remaining term (yrs)26.426.430.0
Secondary amount$0$60,951$0
Funding fee$0$0$0
Note rate6.500%6.500%7.400%
Blended rate7.050%7.456%7.640%
1st payment$1,526.72$1,526.72$2,025.21
2nd payment$0.00$457.13$0.00
Taxes / mo$226.58$226.58$226.58
Insurance / mo$150.00$150.00$150.00
MI / mo$110.71$110.71$58.50
HOA / mo$0.00$0.00$0.00
Total monthly$2,014.01$2,471.14$2,460.29
Cash to close$93,451$32,500$32,500