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$188,459$188,459$216,000
Remaining term (yrs)28.428.430.0
Secondary amount$0$27,541$0
Funding fee$0$0$0
Note rate6.930%6.930%7.400%
Blended rate7.480%7.674%7.640%
1st payment$1,264.85$1,264.85$1,495.54
2nd payment$0.00$206.56$0.00
Taxes / mo$300.17$300.17$300.17
Insurance / mo$150.00$150.00$150.00
MI / mo$87.76$87.76$43.20
HOA / mo$0.00$0.00$0.00
Total monthly$1,802.78$2,009.34$1,988.91
Cash to close$51,541$24,000$24,000