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$220,191$220,191$251,100
Remaining term (yrs)26.226.230.0
Secondary amount$0$30,909$0
Funding fee$0$0$0
Note rate6.580%6.580%7.320%
Blended rate7.430%7.623%7.560%
1st payment$1,468.19$1,468.19$1,724.88
2nd payment$0.00$231.82$0.00
Taxes / mo$283.08$283.08$283.08
Insurance / mo$150.00$150.00$150.00
MI / mo$163.17$163.17$50.22
HOA / mo$278.00$278.00$278.00
Total monthly$2,342.44$2,574.26$2,486.19
Cash to close$58,809$27,900$27,900