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$206,747$206,747$242,100
Remaining term (yrs)29.129.130.0
Secondary amount$0$35,353$0
Funding fee$0$0$0
Note rate6.190%6.190%7.320%
Blended rate6.740%7.070%7.560%
1st payment$1,276.18$1,276.18$1,663.06
2nd payment$0.00$265.14$0.00
Taxes / mo$310.00$310.00$310.00
Insurance / mo$150.00$150.00$150.00
MI / mo$95.60$95.60$48.42
HOA / mo$332.00$332.00$332.00
Total monthly$2,163.78$2,428.92$2,503.48
Cash to close$62,253$26,900$26,900