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$231,800$231,800$292,500
Remaining term (yrs)28.528.530.0
Secondary amount$0$60,700$0
Funding fee$0$0$0
Note rate6.650%6.650%7.320%
Blended rate7.200%7.574%7.560%
1st payment$1,510.20$1,510.20$2,009.27
2nd payment$0.00$455.25$0.00
Taxes / mo$176.67$176.67$176.67
Insurance / mo$150.00$150.00$150.00
MI / mo$107.82$107.82$58.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,944.68$2,399.93$2,394.44
Cash to close$93,200$32,500$32,500