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$226,977$226,977$323,100
Remaining term (yrs)28.028.030.0
Secondary amount$0$96,123$0
Funding fee$0$0$0
Note rate6.470%6.470%7.400%
Blended rate7.020%7.609%7.640%
1st payment$1,461.12$1,461.12$2,237.08
2nd payment$0.00$720.92$0.00
Taxes / mo$85.58$85.58$85.58
Insurance / mo$150.00$150.00$150.00
MI / mo$106.28$106.28$64.62
HOA / mo$0.00$0.00$0.00
Total monthly$1,802.98$2,523.91$2,537.28
Cash to close$132,023$35,900$35,900