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$230,442$230,442$242,100
Remaining term (yrs)28.928.930.0
Secondary amount$0$25,108$0
Funding fee$0$0$0
Note rate6.580%6.580%7.400%
Blended rate7.130%7.596%7.640%
1st payment$1,485.04$1,485.04$1,676.25
2nd payment$0.00$248.47$0.00
Taxes / mo$9.75$9.75$9.75
Insurance / mo$150.00$150.00$150.00
MI / mo$106.79$106.79$48.42
HOA / mo$0.00$0.00$0.00
Total monthly$1,751.59$2,000.05$1,884.42
Cash to close$38,558$13,450$26,900