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$187,184$187,184$234,000
Remaining term (yrs)26.526.530.0
Secondary amount$0$46,816$0
Funding fee$0$0$0
Note rate6.280%6.280%7.400%
Blended rate6.830%7.264%7.640%
1st payment$1,206.68$1,206.68$1,620.17
2nd payment$0.00$351.12$0.00
Taxes / mo$212.08$212.08$212.08
Insurance / mo$150.00$150.00$150.00
MI / mo$89.54$89.54$46.80
HOA / mo$0.00$0.00$0.00
Total monthly$1,658.30$2,009.43$2,029.05
Cash to close$72,816$26,000$26,000