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$234,809$234,809$324,000
Remaining term (yrs)29.329.330.0
Secondary amount$0$89,191$0
Funding fee$0$0$0
Note rate6.210%6.210%7.400%
Blended rate6.760%7.377%7.640%
1st payment$1,449.51$1,449.51$2,243.31
2nd payment$0.00$668.93$0.00
Taxes / mo$184.50$184.50$184.50
Insurance / mo$150.00$150.00$150.00
MI / mo$108.36$108.36$64.80
HOA / mo$0.00$0.00$0.00
Total monthly$1,892.37$2,561.30$2,642.61
Cash to close$125,191$36,000$36,000