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$225,847$225,847$251,910
Remaining term (yrs)26.326.330.0
Secondary amount$0$26,063$0
Funding fee$0$0$0
Note rate6.620%6.620%7.320%
Blended rate7.170%7.359%7.560%
1st payment$1,508.13$1,508.13$1,730.45
2nd payment$0.00$195.47$0.00
Taxes / mo$234.67$234.67$234.67
Insurance / mo$150.00$150.00$150.00
MI / mo$108.01$108.01$50.38
HOA / mo$100.00$100.00$100.00
Total monthly$2,100.81$2,296.28$2,265.50
Cash to close$54,053$27,990$27,990