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$233,782$233,782$261,000
Remaining term (yrs)26.326.330.0
Secondary amount$0$27,218$0
Funding fee$0$0$0
Note rate6.480%6.480%7.400%
Blended rate7.330%7.504%7.640%
1st payment$1,542.12$1,542.12$1,807.11
2nd payment$0.00$204.14$0.00
Taxes / mo$70.33$70.33$70.33
Insurance / mo$150.00$150.00$150.00
MI / mo$173.18$173.18$52.20
HOA / mo$0.00$0.00$0.00
Total monthly$1,935.64$2,139.77$2,079.64
Cash to close$56,218$29,000$29,000