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$227,787$227,787$522,000
Remaining term (yrs)27.327.330.0
Secondary amount$0$294,213$0
Funding fee$0$0$0
Note rate7.220%7.220%7.320%
Blended rate7.770%7.759%7.560%
1st payment$1,591.70$1,591.70$3,585.78
2nd payment$0.00$1,900.13$0.00
Taxes / mo$483.33$483.33$483.33
Insurance / mo$166.67$166.67$166.67
MI / mo$107.26$107.26$104.40
HOA / mo$135.00$135.00$135.00
Total monthly$2,483.97$4,384.09$4,475.18
Cash to close$352,213$58,000$58,000