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$195,366$195,366$312,300
Remaining term (yrs)26.526.530.0
Secondary amount$0$116,934$0
Funding fee$0$0$0
Note rate6.540%6.540%7.320%
Blended rate7.090%7.431%7.560%
1st payment$1,291.62$1,291.62$2,145.28
2nd payment$0.00$779.56$0.00
Taxes / mo$104.92$104.92$104.92
Insurance / mo$150.00$150.00$150.00
MI / mo$93.27$93.27$62.46
HOA / mo$305.00$305.00$305.00
Total monthly$1,944.80$2,724.36$2,767.66
Cash to close$151,634$34,700$34,700