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$228,756$228,756$359,910
Remaining term (yrs)25.925.930.0
Secondary amount$0$131,154$0
Funding fee$0$0$0
Note rate5.540%5.540%7.320%
Blended rate6.390%6.977%7.560%
1st payment$1,385.26$1,385.26$2,472.33
2nd payment$0.00$874.36$0.00
Taxes / mo$259.08$259.08$259.08
Insurance / mo$150.00$150.00$150.00
MI / mo$172.05$172.05$71.98
HOA / mo$0.00$0.00$0.00
Total monthly$1,966.39$2,840.75$2,953.40
Cash to close$171,144$39,990$39,990