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$192,101$192,101$288,000
Remaining term (yrs)26.126.130.0
Secondary amount$0$95,899$0
Funding fee$0$0$0
Note rate6.900%6.900%7.400%
Blended rate7.750%8.166%7.640%
1st payment$1,321.74$1,321.74$1,994.05
2nd payment$0.00$719.24$0.00
Taxes / mo$324.01$324.01$324.01
Insurance / mo$150.00$150.00$150.00
MI / mo$142.16$142.16$57.60
HOA / mo$0.00$0.00$0.00
Total monthly$1,937.91$2,657.15$2,525.66
Cash to close$127,899$32,000$32,000