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$211,951$211,951$283,500
Remaining term (yrs)26.226.230.0
Secondary amount$0$71,549$0
Funding fee$0$0$0
Note rate6.490%6.490%7.400%
Blended rate7.340%7.759%7.640%
1st payment$1,401.14$1,401.14$1,962.90
2nd payment$0.00$536.61$0.00
Taxes / mo$249.58$249.58$249.58
Insurance / mo$150.00$150.00$150.00
MI / mo$157.18$157.18$56.70
HOA / mo$318.00$318.00$318.00
Total monthly$2,275.90$2,812.52$2,737.18
Cash to close$103,049$31,500$31,500