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$198,519$198,519$224,910
Remaining term (yrs)26.426.430.0
Secondary amount$0$26,391$0
Funding fee$0$0$0
Note rate6.260%6.260%7.400%
Blended rate6.810%7.067%7.640%
1st payment$1,278.81$1,278.81$1,557.23
2nd payment$0.00$197.93$0.00
Taxes / mo$90.03$90.03$90.03
Insurance / mo$150.00$150.00$150.00
MI / mo$95.09$95.09$44.98
HOA / mo$0.00$0.00$0.00
Total monthly$1,613.93$1,811.86$1,842.24
Cash to close$51,381$24,990$24,990