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$213,271$213,271$242,999
Remaining term (yrs)29.529.530.0
Secondary amount$0$29,728$0
Funding fee$0$0$0
Note rate6.300%6.300%7.320%
Blended rate6.850%7.113%7.560%
1st payment$1,325.11$1,325.11$1,669.24
2nd payment$0.00$222.96$0.00
Taxes / mo$26.00$26.00$26.00
Insurance / mo$150.00$150.00$150.00
MI / mo$98.12$98.12$48.60
HOA / mo$0.00$0.00$0.00
Total monthly$1,599.23$1,822.19$1,893.84
Cash to close$56,728$27,000$27,000