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$187,685$187,685$270,000
Remaining term (yrs)26.426.430.0
Secondary amount$0$82,315$0
Funding fee$0$0$0
Note rate6.270%6.270%7.400%
Blended rate6.820%7.485%7.640%
1st payment$1,211.68$1,211.68$1,869.43
2nd payment$0.00$617.36$0.00
Taxes / mo$105.17$105.17$105.17
Insurance / mo$150.00$150.00$150.00
MI / mo$90.01$90.01$54.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,556.86$2,174.22$2,178.59
Cash to close$112,315$30,000$30,000