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$230,887$230,887$355,500
Remaining term (yrs)28.628.630.0
Secondary amount$0$124,613$0
Funding fee$0$0$0
Note rate6.760%6.760%7.400%
Blended rate7.310%7.552%7.640%
1st payment$1,519.44$1,519.44$2,461.41
2nd payment$0.00$830.76$0.00
Taxes / mo$161.17$161.17$161.17
Insurance / mo$150.00$150.00$150.00
MI / mo$107.26$107.26$71.10
HOA / mo$0.00$0.00$0.00
Total monthly$1,937.87$2,768.62$2,843.68
Cash to close$164,113$39,500$39,500