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$188,516$188,516$206,910
Remaining term (yrs)26.526.530.0
Secondary amount$0$29,889$0
Funding fee$0$0$0
Note rate6.600%6.600%7.320%
Blended rate7.150%7.797%7.560%
1st payment$1,253.55$1,253.55$1,421.33
2nd payment$0.00$295.78$0.00
Taxes / mo$493.08$493.08$493.08
Insurance / mo$150.00$150.00$150.00
MI / mo$89.96$89.96$41.38
HOA / mo$0.00$0.00$0.00
Total monthly$1,986.59$2,282.37$2,105.79
Cash to close$41,384$11,495$22,990