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$227,140$227,140$265,500
Remaining term (yrs)29.229.230.0
Secondary amount$0$38,360$0
Funding fee$0$0$0
Note rate6.170%6.170%7.400%
Blended rate6.720%7.049%7.640%
1st payment$1,397.71$1,397.71$1,838.27
2nd payment$0.00$287.70$0.00
Taxes / mo$289.75$289.75$289.75
Insurance / mo$150.00$150.00$150.00
MI / mo$104.93$104.93$53.10
HOA / mo$35.00$35.00$35.00
Total monthly$1,977.39$2,265.09$2,366.12
Cash to close$67,860$29,500$29,500