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$199,330$199,330$270,000
Remaining term (yrs)26.126.130.0
Secondary amount$0$70,670$0
Funding fee$0$0$0
Note rate6.950%6.950%7.400%
Blended rate7.800%8.114%7.640%
1st payment$1,377.91$1,377.91$1,869.43
2nd payment$0.00$530.02$0.00
Taxes / mo$59.75$59.75$59.75
Insurance / mo$150.00$150.00$150.00
MI / mo$147.45$147.45$54.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,735.11$2,265.13$2,133.18
Cash to close$100,670$30,000$30,000