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$199,370$199,370$292,500
Remaining term (yrs)28.128.130.0
Secondary amount$0$93,130$0
Funding fee$0$0$0
Note rate6.540%6.540%7.400%
Blended rate7.090%7.698%7.640%
1st payment$1,291.10$1,291.10$2,025.21
2nd payment$0.00$698.48$0.00
Taxes / mo$315.17$315.17$315.17
Insurance / mo$150.00$150.00$150.00
MI / mo$93.23$93.23$58.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,849.50$2,547.97$2,548.88
Cash to close$125,630$32,500$32,500