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$216,237$216,237$350,910
Remaining term (yrs)26.226.230.0
Secondary amount$0$134,673$0
Funding fee$0$0$0
Note rate6.490%6.490%7.320%
Blended rate7.340%7.593%7.560%
1st payment$1,429.47$1,429.47$2,410.51
2nd payment$0.00$897.82$0.00
Taxes / mo$260.92$260.92$260.92
Insurance / mo$150.00$150.00$150.00
MI / mo$160.36$160.36$70.18
HOA / mo$0.00$0.00$0.00
Total monthly$2,000.75$2,898.57$2,891.61
Cash to close$173,663$38,990$38,990