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$231,949$231,949$247,410
Remaining term (yrs)28.428.430.0
Secondary amount$0$29,206$0
Funding fee$0$0$0
Note rate6.930%6.930%7.400%
Blended rate7.480%7.972%7.640%
1st payment$1,556.74$1,556.74$1,713.02
2nd payment$0.00$289.02$0.00
Taxes / mo$102.00$102.00$102.00
Insurance / mo$150.00$150.00$150.00
MI / mo$108.01$108.01$49.48
HOA / mo$0.00$0.00$0.00
Total monthly$1,916.75$2,205.77$2,014.50
Cash to close$42,951$13,745$27,490