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$217,245$217,245$229,500
Remaining term (yrs)28.828.830.0
Secondary amount$0$25,005$0
Funding fee$0$0$0
Note rate6.770%6.770%7.400%
Blended rate7.320%7.790%7.640%
1st payment$1,428.41$1,428.41$1,589.01
2nd payment$0.00$247.45$0.00
Taxes / mo$195.33$195.33$195.33
Insurance / mo$150.00$150.00$150.00
MI / mo$100.73$100.73$45.90
HOA / mo$0.00$0.00$0.00
Total monthly$1,874.48$2,121.92$1,980.24
Cash to close$37,755$12,750$25,500