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$204,917$204,917$261,000
Remaining term (yrs)22.422.430.0
Secondary amount$0$56,083$0
Funding fee$0$0$0
Note rate6.640%6.640%7.320%
Blended rate7.190%7.579%7.560%
1st payment$1,461.48$1,461.48$1,792.89
2nd payment$0.00$420.62$0.00
Taxes / mo$52.89$52.89$52.89
Insurance / mo$150.00$150.00$150.00
MI / mo$97.93$97.93$52.20
HOA / mo$0.00$0.00$0.00
Total monthly$1,762.30$2,182.92$2,047.98
Cash to close$85,083$29,000$29,000