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$230,810$230,810$255,510
Remaining term (yrs)28.128.130.0
Secondary amount$0$38,895$0
Funding fee$0$0$0
Note rate6.720%6.720%7.400%
Blended rate7.270%7.934%7.640%
1st payment$1,521.71$1,521.71$1,769.10
2nd payment$0.00$384.89$0.00
Taxes / mo$110.42$110.42$110.42
Insurance / mo$150.00$150.00$150.00
MI / mo$107.86$107.86$51.10
HOA / mo$175.00$175.00$175.00
Total monthly$2,064.99$2,449.89$2,255.62
Cash to close$53,090$14,195$28,390