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$215,077$215,077$247,500
Remaining term (yrs)25.925.930.0
Secondary amount$0$32,423$0
Funding fee$0$0$0
Note rate5.890%5.890%7.320%
Blended rate6.740%7.036%7.560%
1st payment$1,346.49$1,346.49$1,700.15
2nd payment$0.00$243.17$0.00
Taxes / mo$542.92$542.92$542.92
Insurance / mo$150.00$150.00$150.00
MI / mo$160.97$160.97$49.50
HOA / mo$0.00$0.00$0.00
Total monthly$2,200.38$2,443.55$2,442.57
Cash to close$59,923$27,500$27,500