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$189,308$189,308$206,910
Remaining term (yrs)26.926.930.0
Secondary amount$0$29,097$0
Funding fee$0$0$0
Note rate6.710%6.710%7.400%
Blended rate7.260%7.875%7.640%
1st payment$1,266.51$1,266.51$1,432.60
2nd payment$0.00$287.94$0.00
Taxes / mo$268.83$268.83$268.83
Insurance / mo$150.00$150.00$150.00
MI / mo$89.87$89.87$41.38
HOA / mo$0.00$0.00$0.00
Total monthly$1,775.21$2,063.15$1,892.82
Cash to close$40,592$11,495$22,990