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$210,261$210,261$260,100
Remaining term (yrs)26.626.630.0
Secondary amount$0$49,839$0
Funding fee$0$0$0
Note rate6.540%6.540%7.400%
Blended rate7.090%7.456%7.640%
1st payment$1,388.48$1,388.48$1,800.88
2nd payment$0.00$373.80$0.00
Taxes / mo$261.67$261.67$261.67
Insurance / mo$150.00$150.00$150.00
MI / mo$100.27$100.27$52.02
HOA / mo$0.00$0.00$0.00
Total monthly$1,900.42$2,274.22$2,264.57
Cash to close$78,739$28,900$28,900