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$220,316$220,316$431,100
Remaining term (yrs)27.127.130.0
Secondary amount$0$210,784$0
Funding fee$0$0$0
Note rate7.200%7.200%7.320%
Blended rate7.750%7.750%7.560%
1st payment$1,539.60$1,539.60$2,961.36
2nd payment$0.00$1,361.31$0.00
Taxes / mo$107.33$107.33$107.33
Insurance / mo$166.67$166.67$166.67
MI / mo$103.96$103.96$86.22
HOA / mo$0.00$0.00$0.00
Total monthly$1,917.56$3,278.87$3,321.58
Cash to close$258,684$47,900$47,900