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$231,492$231,492$332,100
Remaining term (yrs)25.925.930.0
Secondary amount$0$100,608$0
Funding fee$0$0$0
Note rate5.220%5.220%7.320%
Blended rate6.070%6.655%7.560%
1st payment$1,357.39$1,357.39$2,281.30
2nd payment$0.00$670.72$0.00
Taxes / mo$291.08$291.08$291.08
Insurance / mo$150.00$150.00$150.00
MI / mo$174.70$174.70$66.42
HOA / mo$50.00$50.00$50.00
Total monthly$2,023.18$2,693.89$2,838.80
Cash to close$137,508$36,900$36,900