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$224,451$224,451$292,500
Remaining term (yrs)17.817.830.0
Secondary amount$0$68,049$0
Funding fee$0$0$0
Note rate6.350%6.350%7.320%
Blended rate6.900%7.389%7.560%
1st payment$1,750.55$1,750.55$2,009.27
2nd payment$0.00$510.37$0.00
Taxes / mo$86.83$86.83$86.83
Insurance / mo$150.00$150.00$150.00
MI / mo$108.90$108.90$58.50
HOA / mo$0.00$0.00$0.00
Total monthly$2,096.28$2,606.65$2,304.61
Cash to close$100,549$32,500$32,500