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$219,187$219,187$315,000
Remaining term (yrs)16.816.830.0
Secondary amount$0$95,813$0
Funding fee$0$0$0
Note rate6.710%6.710%7.320%
Blended rate7.260%7.789%7.560%
1st payment$1,804.01$1,804.01$2,163.83
2nd payment$0.00$718.59$0.00
Taxes / mo$291.67$291.67$291.67
Insurance / mo$150.00$150.00$150.00
MI / mo$109.08$109.08$63.00
HOA / mo$431.00$431.00$431.00
Total monthly$2,785.76$3,504.36$3,099.50
Cash to close$130,813$35,000$35,000