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$229,982$229,982$305,910
Remaining term (yrs)25.925.930.0
Secondary amount$0$75,928$0
Funding fee$0$0$0
Note rate5.540%5.540%7.400%
Blended rate6.390%7.038%7.640%
1st payment$1,392.68$1,392.68$2,118.06
2nd payment$0.00$569.46$0.00
Taxes / mo$194.08$194.08$194.08
Insurance / mo$150.00$150.00$150.00
MI / mo$172.98$172.98$61.18
HOA / mo$0.00$0.00$0.00
Total monthly$1,909.73$2,479.20$2,523.32
Cash to close$109,918$33,990$33,990