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$198,833$198,833$214,110
Remaining term (yrs)27.627.630.0
Secondary amount$0$27,172$0
Funding fee$0$0$0
Note rate7.220%7.220%7.400%
Blended rate7.770%8.264%7.640%
1st payment$1,384.09$1,384.09$1,482.45
2nd payment$0.00$268.89$0.00
Taxes / mo$188.50$188.50$188.50
Insurance / mo$150.00$150.00$150.00
MI / mo$93.27$93.27$42.82
HOA / mo$0.00$0.00$0.00
Total monthly$1,815.86$2,084.75$1,863.78
Cash to close$39,067$11,895$23,790