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$226,825$226,825$265,410
Remaining term (yrs)25.925.930.0
Secondary amount$0$38,585$0
Funding fee$0$0$0
Note rate5.220%5.220%7.320%
Blended rate6.070%6.496%7.560%
1st payment$1,328.01$1,328.01$1,823.18
2nd payment$0.00$289.39$0.00
Taxes / mo$277.08$277.08$277.08
Insurance / mo$150.00$150.00$150.00
MI / mo$170.92$170.92$53.08
HOA / mo$0.00$0.00$0.00
Total monthly$1,926.02$2,215.41$2,303.35
Cash to close$68,075$29,490$29,490