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$226,342$226,342$238,500
Remaining term (yrs)27.927.930.0
Secondary amount$0$25,408$0
Funding fee$0$0$0
Note rate6.470%6.470%7.320%
Blended rate7.020%7.510%7.560%
1st payment$1,460.09$1,460.09$1,638.33
2nd payment$0.00$251.44$0.00
Taxes / mo$298.25$298.25$298.25
Insurance / mo$150.00$150.00$150.00
MI / mo$106.21$106.21$47.70
HOA / mo$0.00$0.00$0.00
Total monthly$2,014.55$2,265.98$2,134.28
Cash to close$38,658$13,250$26,500