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$222,203$222,203$292,500
Remaining term (yrs)26.126.130.0
Secondary amount$0$70,297$0
Funding fee$0$0$0
Note rate6.080%6.080%7.400%
Blended rate6.630%7.200%7.640%
1st payment$1,413.51$1,413.51$2,025.21
2nd payment$0.00$527.23$0.00
Taxes / mo$63.67$63.67$63.67
Insurance / mo$150.00$150.00$150.00
MI / mo$104.46$104.46$58.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,731.64$2,258.87$2,297.38
Cash to close$102,797$32,500$32,500