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$218,441$218,441$233,100
Remaining term (yrs)26.926.930.0
Secondary amount$0$27,609$0
Funding fee$0$0$0
Note rate7.090%7.090%7.400%
Blended rate7.640%8.115%7.640%
1st payment$1,513.76$1,513.76$1,613.94
2nd payment$0.00$273.21$0.00
Taxes / mo$198.92$198.92$198.92
Insurance / mo$150.00$150.00$150.00
MI / mo$103.34$103.34$46.62
HOA / mo$100.00$100.00$100.00
Total monthly$2,066.02$2,339.23$2,109.47
Cash to close$40,559$12,950$25,900