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$185,105$185,105$215,999
Remaining term (yrs)24.224.230.0
Secondary amount$0$30,894$0
Funding fee$0$0$0
Note rate6.260%6.260%7.320%
Blended rate6.810%7.123%7.560%
1st payment$1,236.19$1,236.19$1,483.76
2nd payment$0.00$231.70$0.00
Taxes / mo$154.75$154.75$154.75
Insurance / mo$150.00$150.00$150.00
MI / mo$85.81$85.81$43.20
HOA / mo$0.00$0.00$0.00
Total monthly$1,626.75$1,858.45$1,831.71
Cash to close$54,894$24,000$24,000