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$0$0$197,910
Remaining term (yrs)28.128.130.0
Secondary amount$0$197,910$0
Funding fee$0$0$0
Note rate6.500%6.500%7.320%
Blended rate7.050%8.000%7.560%
1st payment$0.00$0.00$1,359.50
2nd payment$0.00$1,319.40$0.00
Taxes / mo$77.75$77.75$77.75
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$39.58
HOA / mo$357.00$357.00$357.00
Total monthly$584.75$1,904.15$1,983.84
Cash to close$219,900$21,990$21,990