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$205,636$205,636$236,610
Remaining term (yrs)28.328.330.0
Secondary amount$0$30,974$0
Funding fee$0$0$0
Note rate6.890%6.890%7.320%
Blended rate7.440%7.644%7.560%
1st payment$1,376.01$1,376.01$1,625.35
2nd payment$0.00$232.31$0.00
Taxes / mo$58.57$58.57$58.57
Insurance / mo$150.00$150.00$150.00
MI / mo$95.86$95.86$47.32
HOA / mo$0.00$0.00$0.00
Total monthly$1,680.44$1,912.74$1,881.24
Cash to close$57,264$26,290$26,290