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$211,167$211,167$261,000
Remaining term (yrs)28.028.030.0
Secondary amount$0$49,833$0
Funding fee$0$0$0
Note rate6.500%6.500%7.400%
Blended rate7.050%7.422%7.640%
1st payment$1,363.43$1,363.43$1,807.11
2nd payment$0.00$373.75$0.00
Taxes / mo$132.41$132.41$132.41
Insurance / mo$150.00$150.00$150.00
MI / mo$98.87$98.87$52.20
HOA / mo$0.00$0.00$0.00
Total monthly$1,744.71$2,118.45$2,141.72
Cash to close$78,833$29,000$29,000