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$218,894$218,894$404,910
Remaining term (yrs)27.927.930.0
Secondary amount$0$186,016$0
Funding fee$0$0$0
Note rate6.730%6.730%7.320%
Blended rate7.280%7.611%7.560%
1st payment$1,448.91$1,448.91$2,781.45
2nd payment$0.00$1,240.11$0.00
Taxes / mo$474.58$474.58$474.58
Insurance / mo$150.00$150.00$150.00
MI / mo$102.60$102.60$80.98
HOA / mo$0.00$0.00$0.00
Total monthly$2,176.09$3,416.20$3,487.02
Cash to close$231,006$44,990$44,990