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$227,540$227,540$242,910
Remaining term (yrs)26.726.730.0
Secondary amount$0$28,865$0
Funding fee$0$0$0
Note rate7.120%7.120%7.320%
Blended rate7.670%8.143%7.560%
1st payment$1,586.16$1,586.16$1,668.62
2nd payment$0.00$285.64$0.00
Taxes / mo$107.50$107.50$107.50
Insurance / mo$150.00$150.00$150.00
MI / mo$107.96$107.96$48.58
HOA / mo$0.00$0.00$0.00
Total monthly$1,951.62$2,237.26$1,974.71
Cash to close$42,360$13,495$26,990