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$220,666$220,666$404,100
Remaining term (yrs)26.526.530.0
Secondary amount$0$183,434$0
Funding fee$0$0$0
Note rate6.540%6.540%7.320%
Blended rate7.090%7.503%7.560%
1st payment$1,458.88$1,458.88$2,775.89
2nd payment$0.00$1,222.90$0.00
Taxes / mo$124.50$124.50$124.50
Insurance / mo$150.00$150.00$150.00
MI / mo$105.35$105.35$80.82
HOA / mo$0.00$0.00$0.00
Total monthly$1,838.73$3,061.62$3,131.21
Cash to close$228,334$44,900$44,900