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$230,156$230,156$261,000
Remaining term (yrs)26.926.930.0
Secondary amount$0$30,844$0
Funding fee$0$0$0
Note rate6.960%6.960%7.320%
Blended rate7.510%7.686%7.560%
1st payment$1,577.05$1,577.05$1,792.89
2nd payment$0.00$231.33$0.00
Taxes / mo$122.92$122.92$122.92
Insurance / mo$150.00$150.00$150.00
MI / mo$109.08$109.08$52.20
HOA / mo$0.00$0.00$0.00
Total monthly$1,959.05$2,190.38$2,118.01
Cash to close$59,844$29,000$29,000