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$201,400$201,400$224,100
Remaining term (yrs)27.827.830.0
Secondary amount$0$35,150$0
Funding fee$0$0$0
Note rate6.870%6.870%7.320%
Blended rate7.420%8.082%7.560%
1st payment$1,352.87$1,352.87$1,539.41
2nd payment$0.00$347.84$0.00
Taxes / mo$207.50$207.50$207.50
Insurance / mo$150.00$150.00$150.00
MI / mo$94.44$94.44$44.82
HOA / mo$447.00$447.00$447.00
Total monthly$2,251.80$2,599.64$2,388.73
Cash to close$47,600$12,450$24,900