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$219,429$219,429$310,500
Remaining term (yrs)27.427.430.0
Secondary amount$0$91,071$0
Funding fee$0$0$0
Note rate6.690%6.690%7.400%
Blended rate7.240%7.756%7.640%
1st payment$1,455.76$1,455.76$2,149.84
2nd payment$0.00$683.03$0.00
Taxes / mo$144.67$144.67$144.67
Insurance / mo$150.00$150.00$150.00
MI / mo$103.51$103.51$62.10
HOA / mo$0.00$0.00$0.00
Total monthly$1,853.93$2,536.97$2,506.61
Cash to close$125,571$34,500$34,500