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$215,511$215,511$233,910
Remaining term (yrs)25.825.830.0
Secondary amount$0$31,394$0
Funding fee$0$0$0
Note rate5.700%5.700%7.320%
Blended rate6.550%7.227%7.560%
1st payment$1,327.83$1,327.83$1,606.80
2nd payment$0.00$310.67$0.00
Taxes / mo$221.00$221.00$221.00
Insurance / mo$150.00$150.00$150.00
MI / mo$162.05$162.05$46.78
HOA / mo$90.00$90.00$90.00
Total monthly$1,950.89$2,261.56$2,114.58
Cash to close$44,389$12,995$25,990