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$209,692$209,692$238,500
Remaining term (yrs)26.726.730.0
Secondary amount$0$28,808$0
Funding fee$0$0$0
Note rate6.390%6.390%7.400%
Blended rate6.940%7.189%7.640%
1st payment$1,363.13$1,363.13$1,651.33
2nd payment$0.00$216.06$0.00
Taxes / mo$173.00$173.00$173.00
Insurance / mo$150.00$150.00$150.00
MI / mo$99.99$99.99$47.70
HOA / mo$0.00$0.00$0.00
Total monthly$1,786.11$2,002.18$2,022.03
Cash to close$55,308$26,500$26,500