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$224,540$224,540$238,500
Remaining term (yrs)27.327.330.0
Secondary amount$0$27,210$0
Funding fee$0$0$0
Note rate6.580%6.580%7.320%
Blended rate7.130%7.643%7.560%
1st payment$1,475.32$1,475.32$1,638.33
2nd payment$0.00$269.27$0.00
Taxes / mo$137.08$137.08$137.08
Insurance / mo$150.00$150.00$150.00
MI / mo$106.10$106.10$47.70
HOA / mo$0.00$0.00$0.00
Total monthly$1,868.50$2,137.76$1,973.11
Cash to close$40,460$13,250$26,500