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$209,427$209,427$286,110
Remaining term (yrs)29.629.630.0
Secondary amount$0$76,683$0
Funding fee$0$0$0
Note rate6.500%6.500%7.320%
Blended rate7.050%7.573%7.560%
1st payment$1,327.34$1,327.34$1,965.38
2nd payment$0.00$575.12$0.00
Taxes / mo$146.08$146.08$146.08
Insurance / mo$150.00$150.00$150.00
MI / mo$96.25$96.25$57.22
HOA / mo$0.00$0.00$0.00
Total monthly$1,719.68$2,294.80$2,318.68
Cash to close$108,473$31,790$31,790