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$233,940$233,940$251,910
Remaining term (yrs)25.725.730.0
Secondary amount$0$31,965$0
Funding fee$0$0$0
Note rate5.090%5.090%7.400%
Blended rate5.940%6.653%7.640%
1st payment$1,357.90$1,357.90$1,744.17
2nd payment$0.00$316.32$0.00
Taxes / mo$164.92$164.92$164.92
Insurance / mo$150.00$150.00$150.00
MI / mo$177.35$177.35$50.38
HOA / mo$170.00$170.00$170.00
Total monthly$2,020.17$2,336.49$2,279.47
Cash to close$45,960$13,995$27,990