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$202,450$202,450$224,910
Remaining term (yrs)26.326.330.0
Secondary amount$0$34,955$0
Funding fee$0$0$0
Note rate6.270%6.270%7.400%
Blended rate7.120%7.820%7.640%
1st payment$1,308.62$1,308.62$1,557.23
2nd payment$0.00$345.91$0.00
Taxes / mo$82.88$82.88$82.88
Insurance / mo$150.00$150.00$150.00
MI / mo$150.23$150.23$44.98
HOA / mo$2.08$2.08$2.08
Total monthly$1,693.80$2,039.71$1,837.17
Cash to close$47,450$12,495$24,990