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$203,166$203,166$285,750
Remaining term (yrs)27.327.330.0
Secondary amount$0$82,584$0
Funding fee$0$0$0
Note rate6.600%6.600%7.320%
Blended rate7.150%7.685%7.560%
1st payment$1,336.06$1,336.06$1,962.90
2nd payment$0.00$619.38$0.00
Taxes / mo$264.58$264.58$264.58
Insurance / mo$150.00$150.00$150.00
MI / mo$95.88$95.88$57.15
HOA / mo$0.00$0.00$0.00
Total monthly$1,846.53$2,465.90$2,434.64
Cash to close$114,334$31,750$31,750