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$208,957$208,957$269,100
Remaining term (yrs)27.927.930.0
Secondary amount$0$60,143$0
Funding fee$0$0$0
Note rate6.500%6.500%7.320%
Blended rate7.050%7.486%7.560%
1st payment$1,350.57$1,350.57$1,848.53
2nd payment$0.00$451.07$0.00
Taxes / mo$244.99$244.99$244.99
Insurance / mo$150.00$150.00$150.00
MI / mo$97.93$97.93$53.82
HOA / mo$0.00$0.00$0.00
Total monthly$1,843.49$2,294.56$2,297.34
Cash to close$90,043$29,900$29,900