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$215,491$215,491$238,950
Remaining term (yrs)26.626.630.0
Secondary amount$0$36,734$0
Funding fee$0$0$0
Note rate6.820%6.820%7.320%
Blended rate7.370%8.026%7.560%
1st payment$1,461.74$1,461.74$1,641.42
2nd payment$0.00$363.52$0.00
Taxes / mo$128.58$128.58$128.58
Insurance / mo$150.00$150.00$150.00
MI / mo$101.48$101.48$47.79
HOA / mo$0.00$0.00$0.00
Total monthly$1,841.80$2,205.32$1,967.79
Cash to close$50,009$13,275$26,550