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$230,535$230,535$269,910
Remaining term (yrs)28.428.430.0
Secondary amount$0$39,375$0
Funding fee$0$0$0
Note rate6.890%6.890%7.320%
Blended rate7.440%7.668%7.560%
1st payment$1,539.72$1,539.72$1,854.09
2nd payment$0.00$295.31$0.00
Taxes / mo$138.08$138.08$138.08
Insurance / mo$150.00$150.00$150.00
MI / mo$107.26$107.26$53.98
HOA / mo$0.00$0.00$0.00
Total monthly$1,935.07$2,230.38$2,196.16
Cash to close$69,365$29,990$29,990