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$193,454$193,454$250,200
Remaining term (yrs)28.528.530.0
Secondary amount$0$56,746$0
Funding fee$0$0$0
Note rate6.760%6.760%7.320%
Blended rate7.310%7.693%7.560%
1st payment$1,274.31$1,274.31$1,718.70
2nd payment$0.00$425.59$0.00
Taxes / mo$92.88$92.88$92.88
Insurance / mo$150.00$150.00$150.00
MI / mo$89.96$89.96$50.04
HOA / mo$0.00$0.00$0.00
Total monthly$1,607.15$2,032.74$2,011.63
Cash to close$84,546$27,800$27,800