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$190,299$190,299$225,000
Remaining term (yrs)27.027.030.0
Secondary amount$0$34,701$0
Funding fee$0$0$0
Note rate6.960%6.960%7.400%
Blended rate7.510%7.740%7.640%
1st payment$1,301.23$1,301.23$1,557.85
2nd payment$0.00$260.26$0.00
Taxes / mo$68.48$68.48$68.48
Insurance / mo$150.00$150.00$150.00
MI / mo$90.01$90.01$45.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,609.72$1,869.98$1,821.34
Cash to close$59,701$25,000$25,000