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$204,108$204,108$233,910
Remaining term (yrs)26.726.730.0
Secondary amount$0$29,802$0
Funding fee$0$0$0
Note rate5.810%5.810%7.400%
Blended rate6.360%6.696%7.640%
1st payment$1,252.71$1,252.71$1,619.55
2nd payment$0.00$223.52$0.00
Taxes / mo$211.67$211.67$211.67
Insurance / mo$150.00$150.00$150.00
MI / mo$97.75$97.75$46.78
HOA / mo$0.00$0.00$0.00
Total monthly$1,712.13$1,935.65$2,027.99
Cash to close$55,792$25,990$25,990