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$217,540$217,540$269,100
Remaining term (yrs)25.825.830.0
Secondary amount$0$51,560$0
Funding fee$0$0$0
Note rate5.780%5.780%7.400%
Blended rate6.630%7.084%7.640%
1st payment$1,350.95$1,350.95$1,863.19
2nd payment$0.00$386.70$0.00
Taxes / mo$265.33$265.33$265.33
Insurance / mo$150.00$150.00$150.00
MI / mo$163.44$163.44$53.82
HOA / mo$0.00$0.00$0.00
Total monthly$1,929.73$2,316.43$2,332.35
Cash to close$81,460$29,900$29,900