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$196,234$196,234$269,999
Remaining term (yrs)28.028.030.0
Secondary amount$0$73,765$0
Funding fee$0$0$0
Note rate6.090%6.090%7.320%
Blended rate6.640%7.285%7.560%
1st payment$1,215.51$1,215.51$1,854.71
2nd payment$0.00$553.24$0.00
Taxes / mo$63.00$63.00$63.00
Insurance / mo$150.00$150.00$150.00
MI / mo$92.03$92.03$54.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,520.54$2,073.78$2,121.71
Cash to close$103,765$30,000$30,000