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$234,105$234,105$251,910
Remaining term (yrs)27.427.430.0
Secondary amount$0$31,800$0
Funding fee$0$0$0
Note rate6.790%6.790%7.400%
Blended rate7.340%7.882%7.640%
1st payment$1,566.68$1,566.68$1,744.17
2nd payment$0.00$314.68$0.00
Taxes / mo$62.58$62.58$62.58
Insurance / mo$150.00$150.00$150.00
MI / mo$110.26$110.26$50.38
HOA / mo$0.00$0.00$0.00
Total monthly$1,889.52$2,204.21$2,007.14
Cash to close$45,795$13,995$27,990