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$194,983$194,983$312,300
Remaining term (yrs)26.526.530.0
Secondary amount$0$117,317$0
Funding fee$0$0$0
Note rate6.280%6.280%7.320%
Blended rate6.830%7.270%7.560%
1st payment$1,256.96$1,256.96$2,145.28
2nd payment$0.00$782.11$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$1,910.15$2,692.26$2,767.66
Cash to close$152,017$34,700$34,700