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$219,672$219,672$243,000
Remaining term (yrs)25.825.830.0
Secondary amount$0$36,828$0
Funding fee$0$0$0
Note rate5.700%5.700%7.320%
Blended rate6.550%7.315%7.560%
1st payment$1,353.48$1,353.48$1,669.24
2nd payment$0.00$364.44$0.00
Taxes / mo$173.17$173.17$173.17
Insurance / mo$150.00$150.00$150.00
MI / mo$165.18$165.18$48.60
HOA / mo$0.00$0.00$0.00
Total monthly$1,841.82$2,206.27$2,041.01
Cash to close$50,328$13,500$27,000