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$210,545$210,545$404,910
Remaining term (yrs)28.528.530.0
Secondary amount$0$194,365$0
Funding fee$0$0$0
Note rate6.650%6.650%7.400%
Blended rate7.200%7.584%7.640%
1st payment$1,371.72$1,371.72$2,803.52
2nd payment$0.00$1,295.76$0.00
Taxes / mo$295.67$295.67$295.67
Insurance / mo$150.00$150.00$150.00
MI / mo$97.93$97.93$80.98
HOA / mo$0.00$0.00$0.00
Total monthly$1,915.32$3,211.08$3,330.16
Cash to close$239,355$44,990$44,990