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$224,659$224,659$314,910
Remaining term (yrs)26.826.830.0
Secondary amount$0$90,251$0
Funding fee$0$0$0
Note rate6.350%6.350%7.400%
Blended rate6.900%7.502%7.640%
1st payment$1,453.02$1,453.02$2,180.37
2nd payment$0.00$676.88$0.00
Taxes / mo$88.75$88.75$88.75
Insurance / mo$150.00$150.00$150.00
MI / mo$107.03$107.03$62.98
HOA / mo$0.00$0.00$0.00
Total monthly$1,798.80$2,475.68$2,482.11
Cash to close$125,241$34,990$34,990