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$225,672$225,672$251,910
Remaining term (yrs)26.626.630.0
Secondary amount$0$26,238$0
Funding fee$0$0$0
Note rate6.280%6.280%7.320%
Blended rate6.830%7.056%7.560%
1st payment$1,453.04$1,453.04$1,730.45
2nd payment$0.00$196.78$0.00
Taxes / mo$17.42$17.42$17.42
Insurance / mo$150.00$150.00$150.00
MI / mo$107.82$107.82$50.38
HOA / mo$35.42$35.42$35.42
Total monthly$1,763.70$1,960.48$1,983.67
Cash to close$54,228$27,990$27,990