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$226,116$226,116$278,910
Remaining term (yrs)27.427.430.0
Secondary amount$0$52,794$0
Funding fee$0$0$0
Note rate6.620%6.620%7.400%
Blended rate7.170%7.516%7.640%
1st payment$1,489.90$1,489.90$1,931.12
2nd payment$0.00$395.95$0.00
Taxes / mo$276.50$276.50$276.50
Insurance / mo$150.00$150.00$150.00
MI / mo$106.70$106.70$55.78
HOA / mo$0.00$0.00$0.00
Total monthly$2,023.10$2,419.05$2,413.40
Cash to close$83,784$30,990$30,990