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$205,744$205,744$220,410
Remaining term (yrs)27.027.030.0
Secondary amount$0$26,911$0
Funding fee$0$0$0
Note rate7.310%7.310%7.320%
Blended rate7.860%8.324%7.560%
1st payment$1,454.12$1,454.12$1,514.06
2nd payment$0.00$266.30$0.00
Taxes / mo$76.00$76.00$76.00
Insurance / mo$150.00$150.00$150.00
MI / mo$97.12$97.12$44.08
HOA / mo$0.00$0.00$0.00
Total monthly$1,777.24$2,043.55$1,784.15
Cash to close$39,156$12,245$24,490