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$207,717$207,717$220,499
Remaining term (yrs)25.825.830.0
Secondary amount$0$25,032$0
Funding fee$0$0$0
Note rate5.520%5.520%7.400%
Blended rate6.370%6.962%7.640%
1st payment$1,257.16$1,257.16$1,526.69
2nd payment$0.00$247.71$0.00
Taxes / mo$163.11$163.11$163.11
Insurance / mo$150.00$150.00$150.00
MI / mo$156.49$156.49$44.10
HOA / mo$0.00$0.00$0.00
Total monthly$1,726.75$1,974.46$1,883.90
Cash to close$37,282$12,250$24,500