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$220,811$220,811$242,100
Remaining term (yrs)28.228.230.0
Secondary amount$0$34,739$0
Funding fee$0$0$0
Note rate6.790%6.790%7.320%
Blended rate7.340%7.956%7.560%
1st payment$1,464.47$1,464.47$1,663.06
2nd payment$0.00$343.77$0.00
Taxes / mo$87.00$87.00$87.00
Insurance / mo$150.00$150.00$150.00
MI / mo$103.06$103.06$48.42
HOA / mo$0.00$0.00$0.00
Total monthly$1,804.53$2,148.30$1,948.48
Cash to close$48,189$13,450$26,900