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$211,811$211,811$242,910
Remaining term (yrs)25.825.830.0
Secondary amount$0$31,099$0
Funding fee$0$0$0
Note rate5.700%5.700%7.320%
Blended rate6.550%6.864%7.560%
1st payment$1,305.04$1,305.04$1,668.62
2nd payment$0.00$233.24$0.00
Taxes / mo$163.17$163.17$163.17
Insurance / mo$150.00$150.00$150.00
MI / mo$159.27$159.27$48.58
HOA / mo$0.00$0.00$0.00
Total monthly$1,777.48$2,010.72$2,030.37
Cash to close$58,089$26,990$26,990