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$233,391$233,391$260,910
Remaining term (yrs)26.026.030.0
Secondary amount$0$27,519$0
Funding fee$0$0$0
Note rate6.700%6.700%7.400%
Blended rate7.550%7.703%7.640%
1st payment$1,577.74$1,577.74$1,806.49
2nd payment$0.00$206.39$0.00
Taxes / mo$57.25$57.25$57.25
Insurance / mo$150.00$150.00$150.00
MI / mo$173.19$173.19$52.18
HOA / mo$0.00$0.00$0.00
Total monthly$1,958.18$2,164.57$2,065.92
Cash to close$56,509$28,990$28,990