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$235,832$235,832$404,550
Remaining term (yrs)28.628.630.0
Secondary amount$0$168,718$0
Funding fee$0$0$0
Note rate6.640%6.640%7.320%
Blended rate7.190%7.528%7.560%
1st payment$1,533.43$1,533.43$2,778.98
2nd payment$0.00$1,124.79$0.00
Taxes / mo$128.17$128.17$128.17
Insurance / mo$150.00$150.00$150.00
MI / mo$109.59$109.59$80.91
HOA / mo$18.75$18.75$18.75
Total monthly$1,939.94$3,064.73$3,156.80
Cash to close$213,668$44,950$44,950