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$231,148$231,148$314,910
Remaining term (yrs)28.728.730.0
Secondary amount$0$83,762$0
Funding fee$0$0$0
Note rate6.840%6.840%7.400%
Blended rate7.390%7.818%7.640%
1st payment$1,531.91$1,531.91$2,180.37
2nd payment$0.00$628.21$0.00
Taxes / mo$149.92$149.92$149.92
Insurance / mo$150.00$150.00$150.00
MI / mo$107.26$107.26$62.98
HOA / mo$0.00$0.00$0.00
Total monthly$1,939.09$2,567.30$2,543.27
Cash to close$118,752$34,990$34,990