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$196,665$196,665$251,910
Remaining term (yrs)27.427.430.0
Secondary amount$0$55,245$0
Funding fee$0$0$0
Note rate6.620%6.620%7.400%
Blended rate7.170%7.571%7.640%
1st payment$1,295.85$1,295.85$1,744.17
2nd payment$0.00$414.33$0.00
Taxes / mo$133.08$133.08$133.08
Insurance / mo$150.00$150.00$150.00
MI / mo$92.80$92.80$50.38
HOA / mo$0.00$0.00$0.00
Total monthly$1,671.73$2,086.07$2,077.64
Cash to close$83,235$27,990$27,990