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$224,493$224,493$269,100
Remaining term (yrs)27.427.430.0
Secondary amount$0$44,607$0
Funding fee$0$0$0
Note rate6.740%6.740%7.400%
Blended rate7.290%7.573%7.640%
1st payment$1,495.06$1,495.06$1,863.19
2nd payment$0.00$334.55$0.00
Taxes / mo$64.75$64.75$64.75
Insurance / mo$150.00$150.00$150.00
MI / mo$105.76$105.76$53.82
HOA / mo$0.00$0.00$0.00
Total monthly$1,815.57$2,150.12$2,131.76
Cash to close$74,507$29,900$29,900