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$230,590$230,590$346,500
Remaining term (yrs)25.925.930.0
Secondary amount$0$115,910$0
Funding fee$0$0$0
Note rate5.660%5.660%7.400%
Blended rate6.510%7.008%7.640%
1st payment$1,411.15$1,411.15$2,399.10
2nd payment$0.00$772.73$0.00
Taxes / mo$236.75$236.75$236.75
Insurance / mo$150.00$150.00$150.00
MI / mo$172.98$172.98$69.30
HOA / mo$0.00$0.00$0.00
Total monthly$1,970.88$2,743.61$2,855.15
Cash to close$154,410$38,500$38,500