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$198,864$198,864$218,700
Remaining term (yrs)27.627.630.0
Secondary amount$0$31,986$0
Funding fee$0$0$0
Note rate6.990%6.990%7.400%
Blended rate7.540%8.141%7.640%
1st payment$1,354.13$1,354.13$1,514.23
2nd payment$0.00$316.53$0.00
Taxes / mo$229.92$229.92$229.92
Insurance / mo$150.00$150.00$150.00
MI / mo$93.38$93.38$43.74
HOA / mo$0.00$0.00$0.00
Total monthly$1,827.42$2,143.96$1,937.89
Cash to close$44,136$12,150$24,300