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$233,286$233,286$315,000
Remaining term (yrs)21.121.130.0
Secondary amount$0$81,714$0
Funding fee$0$0$0
Note rate7.630%7.630%7.400%
Blended rate8.180%8.393%7.640%
1st payment$1,851.00$1,851.00$2,181.00
2nd payment$0.00$612.86$0.00
Taxes / mo$89.67$89.67$89.67
Insurance / mo$150.00$150.00$150.00
MI / mo$111.93$111.93$63.00
HOA / mo$0.00$0.00$0.00
Total monthly$2,202.59$2,815.45$2,483.66
Cash to close$116,714$35,000$35,000