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$219,818$219,818$260,910
Remaining term (yrs)29.129.130.0
Secondary amount$0$41,092$0
Funding fee$0$0$0
Note rate6.170%6.170%7.400%
Blended rate6.720%7.079%7.640%
1st payment$1,354.03$1,354.03$1,806.49
2nd payment$0.00$308.19$0.00
Taxes / mo$144.92$144.92$144.92
Insurance / mo$150.00$150.00$150.00
MI / mo$101.65$101.65$52.18
HOA / mo$32.00$32.00$32.00
Total monthly$1,782.59$2,090.78$2,185.59
Cash to close$70,082$28,990$28,990