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$188,431$188,431$207,000
Remaining term (yrs)27.427.430.0
Secondary amount$0$30,069$0
Funding fee$0$0$0
Note rate6.940%6.940%7.400%
Blended rate7.490%8.093%7.640%
1st payment$1,279.45$1,279.45$1,433.23
2nd payment$0.00$297.56$0.00
Taxes / mo$296.97$296.97$296.97
Insurance / mo$150.00$150.00$150.00
MI / mo$88.68$88.68$41.40
HOA / mo$44.67$44.67$44.67
Total monthly$1,859.77$2,157.33$1,966.27
Cash to close$41,569$11,500$23,000