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$209,103$209,103$279,450
Remaining term (yrs)26.226.230.0
Secondary amount$0$70,347$0
Funding fee$0$0$0
Note rate6.580%6.580%7.400%
Blended rate7.430%7.825%7.640%
1st payment$1,394.25$1,394.25$1,934.86
2nd payment$0.00$527.60$0.00
Taxes / mo$226.08$226.08$226.08
Insurance / mo$150.00$150.00$150.00
MI / mo$154.96$154.96$55.89
HOA / mo$0.00$0.00$0.00
Total monthly$1,925.29$2,452.90$2,366.83
Cash to close$101,397$31,050$31,050