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$213,183$213,183$256,500
Remaining term (yrs)28.728.730.0
Secondary amount$0$43,317$0
Funding fee$0$0$0
Note rate6.500%6.500%7.320%
Blended rate7.050%7.379%7.560%
1st payment$1,365.36$1,365.36$1,761.98
2nd payment$0.00$324.88$0.00
Taxes / mo$278.91$278.91$278.91
Insurance / mo$150.00$150.00$150.00
MI / mo$99.01$99.01$51.30
HOA / mo$0.00$0.00$0.00
Total monthly$1,893.28$2,218.16$2,242.19
Cash to close$71,817$28,500$28,500