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$239,600$239,600$278,910
Remaining term (yrs)26.826.830.0
Secondary amount$0$39,310$0
Funding fee$0$0$0
Note rate6.810%6.810%7.320%
Blended rate7.360%7.591%7.560%
1st payment$1,620.19$1,620.19$1,915.92
2nd payment$0.00$294.83$0.00
Taxes / mo$131.92$131.92$131.92
Insurance / mo$150.00$150.00$150.00
MI / mo$113.79$113.79$55.78
HOA / mo$0.00$0.00$0.00
Total monthly$2,015.90$2,310.72$2,253.62
Cash to close$70,300$30,990$30,990