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$205,782$205,782$219,150
Remaining term (yrs)28.728.730.0
Secondary amount$0$25,543$0
Funding fee$0$0$0
Note rate6.860%6.860%7.400%
Blended rate7.410%7.903%7.640%
1st payment$1,366.51$1,366.51$1,517.35
2nd payment$0.00$252.77$0.00
Taxes / mo$598.92$598.92$598.92
Insurance / mo$150.00$150.00$150.00
MI / mo$95.49$95.49$43.83
HOA / mo$16.67$16.67$16.67
Total monthly$2,227.58$2,480.35$2,326.77
Cash to close$37,718$12,175$24,350