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$189,959$189,959$221,400
Remaining term (yrs)28.328.330.0
Secondary amount$0$31,441$0
Funding fee$0$0$0
Note rate6.690%6.690%7.320%
Blended rate7.240%7.490%7.560%
1st payment$1,246.20$1,246.20$1,520.86
2nd payment$0.00$235.80$0.00
Taxes / mo$205.00$205.00$205.00
Insurance / mo$150.00$150.00$150.00
MI / mo$88.61$88.61$44.28
HOA / mo$0.00$0.00$0.00
Total monthly$1,689.81$1,925.61$1,920.14
Cash to close$56,041$24,600$24,600