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$189,730$189,730$234,000
Remaining term (yrs)28.328.330.0
Secondary amount$0$44,270$0
Funding fee$0$0$0
Note rate6.930%6.930%7.400%
Blended rate7.480%7.768%7.640%
1st payment$1,274.58$1,274.58$1,620.17
2nd payment$0.00$332.03$0.00
Taxes / mo$209.25$209.25$209.25
Insurance / mo$150.00$150.00$150.00
MI / mo$88.43$88.43$46.80
HOA / mo$0.00$0.00$0.00
Total monthly$1,722.26$2,054.28$2,026.22
Cash to close$70,270$26,000$26,000