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$198,271$198,271$265,410
Remaining term (yrs)27.527.530.0
Secondary amount$0$67,139$0
Funding fee$0$0$0
Note rate6.820%6.820%7.320%
Blended rate7.370%7.782%7.560%
1st payment$1,329.38$1,329.38$1,823.18
2nd payment$0.00$503.54$0.00
Taxes / mo$368.83$368.83$368.83
Insurance / mo$150.00$150.00$150.00
MI / mo$93.27$93.27$53.08
HOA / mo$0.00$0.00$0.00
Total monthly$1,941.48$2,445.03$2,395.10
Cash to close$96,629$29,490$29,490