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$205,225$205,225$328,500
Remaining term (yrs)29.629.630.0
Secondary amount$0$123,275$0
Funding fee$0$0$0
Note rate6.370%6.370%7.320%
Blended rate6.920%7.325%7.560%
1st payment$1,283.25$1,283.25$2,256.57
2nd payment$0.00$821.84$0.00
Taxes / mo$356.50$356.50$356.50
Insurance / mo$150.00$150.00$150.00
MI / mo$94.33$94.33$65.70
HOA / mo$20.83$20.83$20.83
Total monthly$1,904.91$2,726.74$2,849.60
Cash to close$159,775$36,500$36,500