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$223,323$223,323$238,500
Remaining term (yrs)26.026.030.0
Secondary amount$0$28,427$0
Funding fee$0$0$0
Note rate5.890%5.890%7.400%
Blended rate6.740%7.320%7.640%
1st payment$1,396.24$1,396.24$1,651.33
2nd payment$0.00$281.31$0.00
Taxes / mo$164.92$164.92$164.92
Insurance / mo$150.00$150.00$150.00
MI / mo$166.92$166.92$47.70
HOA / mo$0.00$0.00$0.00
Total monthly$1,878.07$2,159.38$2,013.94
Cash to close$41,677$13,250$26,500