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$227,217$227,217$256,500
Remaining term (yrs)27.027.030.0
Secondary amount$0$29,283$0
Funding fee$0$0$0
Note rate7.180%7.180%7.400%
Blended rate7.730%7.875%7.640%
1st payment$1,586.41$1,586.41$1,775.95
2nd payment$0.00$219.62$0.00
Taxes / mo$237.50$237.50$237.50
Insurance / mo$150.00$150.00$150.00
MI / mo$107.33$107.33$51.30
HOA / mo$0.00$0.00$0.00
Total monthly$2,081.24$2,300.86$2,214.75
Cash to close$57,783$28,500$28,500