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$194,123$194,123$220,500
Remaining term (yrs)26.326.330.0
Secondary amount$0$26,377$0
Funding fee$0$0$0
Note rate6.310%6.310%7.320%
Blended rate7.160%7.380%7.560%
1st payment$1,259.67$1,259.67$1,514.68
2nd payment$0.00$197.83$0.00
Taxes / mo$83.67$83.67$83.67
Insurance / mo$150.00$150.00$150.00
MI / mo$144.00$144.00$44.10
HOA / mo$0.00$0.00$0.00
Total monthly$1,637.34$1,835.17$1,792.45
Cash to close$50,877$24,500$24,500