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$206,197$206,197$300,598
Remaining term (yrs)29.329.330.0
Secondary amount$0$94,401$0
Funding fee$0$0$0
Note rate6.220%6.220%7.320%
Blended rate6.770%7.470%7.560%
1st payment$1,272.95$1,272.95$2,064.90
2nd payment$0.00$708.01$0.00
Taxes / mo$224.92$224.92$224.92
Insurance / mo$150.00$150.00$150.00
MI / mo$95.06$95.06$60.12
HOA / mo$0.00$0.00$0.00
Total monthly$1,742.93$2,450.94$2,499.94
Cash to close$127,801$33,400$33,400