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$234,737$234,737$282,510
Remaining term (yrs)24.824.830.0
Secondary amount$0$47,773$0
Funding fee$0$0$0
Note rate6.690%6.690%7.400%
Blended rate7.240%7.538%7.640%
1st payment$1,615.04$1,615.04$1,956.04
2nd payment$0.00$358.30$0.00
Taxes / mo$107.33$107.33$107.33
Insurance / mo$150.00$150.00$150.00
MI / mo$107.73$107.73$56.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,980.10$2,338.39$2,269.88
Cash to close$79,163$31,390$31,390