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$217,013$217,013$229,500
Remaining term (yrs)26.726.730.0
Secondary amount$0$25,237$0
Funding fee$0$0$0
Note rate6.350%6.350%7.320%
Blended rate6.900%7.418%7.560%
1st payment$1,405.22$1,405.22$1,576.51
2nd payment$0.00$249.74$0.00
Taxes / mo$227.50$227.50$227.50
Insurance / mo$150.00$150.00$150.00
MI / mo$103.51$103.51$45.90
HOA / mo$0.00$0.00$0.00
Total monthly$1,886.23$2,135.97$1,999.91
Cash to close$37,987$12,750$25,500