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$208,775$208,775$315,000
Remaining term (yrs)27.627.630.0
Secondary amount$0$106,225$0
Funding fee$0$0$0
Note rate7.220%7.220%7.320%
Blended rate7.770%7.848%7.560%
1st payment$1,453.29$1,453.29$2,163.83
2nd payment$0.00$708.17$0.00
Taxes / mo$52.42$52.42$52.42
Insurance / mo$150.00$150.00$150.00
MI / mo$97.93$97.93$63.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,753.65$2,461.81$2,429.25
Cash to close$141,225$35,000$35,000