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$205,922$205,922$520,200
Remaining term (yrs)27.927.930.0
Secondary amount$0$314,278$0
Funding fee$0$0$0
Note rate6.890%6.890%7.400%
Blended rate7.440%7.627%7.640%
1st payment$1,384.58$1,384.58$3,601.76
2nd payment$0.00$2,029.71$0.00
Taxes / mo$481.67$481.67$481.67
Insurance / mo$166.67$166.67$166.67
MI / mo$96.45$96.45$104.04
HOA / mo$197.00$197.00$197.00
Total monthly$2,326.36$4,356.08$4,551.13
Cash to close$372,078$57,800$57,800