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$233,453$233,453$246,600
Remaining term (yrs)28.428.430.0
Secondary amount$0$26,847$0
Funding fee$0$0$0
Note rate6.760%6.760%7.320%
Blended rate7.310%7.781%7.560%
1st payment$1,539.25$1,539.25$1,693.97
2nd payment$0.00$265.67$0.00
Taxes / mo$324.00$324.00$324.00
Insurance / mo$150.00$150.00$150.00
MI / mo$108.66$108.66$49.32
HOA / mo$0.00$0.00$0.00
Total monthly$2,121.91$2,387.58$2,217.29
Cash to close$40,547$13,700$27,400