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$230,637$230,637$310,500
Remaining term (yrs)22.122.130.0
Secondary amount$0$79,863$0
Funding fee$0$0$0
Note rate6.500%6.500%7.320%
Blended rate7.050%7.552%7.560%
1st payment$1,635.99$1,635.99$2,132.92
2nd payment$0.00$598.97$0.00
Taxes / mo$259.58$259.58$259.58
Insurance / mo$150.00$150.00$150.00
MI / mo$107.26$107.26$62.10
HOA / mo$160.00$160.00$160.00
Total monthly$2,312.83$2,911.80$2,764.60
Cash to close$114,363$34,500$34,500