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$232,698$232,698$292,410
Remaining term (yrs)28.928.930.0
Secondary amount$0$59,712$0
Funding fee$0$0$0
Note rate6.720%6.720%7.400%
Blended rate7.270%7.623%7.640%
1st payment$1,519.52$1,519.52$2,024.59
2nd payment$0.00$447.84$0.00
Taxes / mo$362.33$362.33$362.33
Insurance / mo$150.00$150.00$150.00
MI / mo$107.71$107.71$58.48
HOA / mo$235.00$235.00$235.00
Total monthly$2,374.56$2,822.41$2,830.40
Cash to close$92,202$32,490$32,490