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$227,391$227,391$269,910
Remaining term (yrs)27.927.930.0
Secondary amount$0$42,519$0
Funding fee$0$0$0
Note rate6.770%6.770%7.400%
Blended rate7.320%7.585%7.640%
1st payment$1,511.08$1,511.08$1,868.80
2nd payment$0.00$318.89$0.00
Taxes / mo$389.08$389.08$389.08
Insurance / mo$150.00$150.00$150.00
MI / mo$106.56$106.56$53.98
HOA / mo$295.00$295.00$295.00
Total monthly$2,451.73$2,770.62$2,756.87
Cash to close$72,509$29,990$29,990