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$214,925$214,925$233,910
Remaining term (yrs)27.727.730.0
Secondary amount$0$31,980$0
Funding fee$0$0$0
Note rate7.030%7.030%7.320%
Blended rate7.580%8.136%7.560%
1st payment$1,467.71$1,467.71$1,606.80
2nd payment$0.00$316.47$0.00
Taxes / mo$57.25$57.25$57.25
Insurance / mo$150.00$150.00$150.00
MI / mo$100.81$100.81$46.78
HOA / mo$0.00$0.00$0.00
Total monthly$1,775.77$2,092.24$1,860.83
Cash to close$44,975$12,995$25,990