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$208,370$208,370$301,500
Remaining term (yrs)28.428.430.0
Secondary amount$0$93,130$0
Funding fee$0$0$0
Note rate6.180%6.180%7.400%
Blended rate6.730%7.431%7.640%
1st payment$1,296.96$1,296.96$2,087.53
2nd payment$0.00$698.48$0.00
Taxes / mo$200.75$200.75$200.75
Insurance / mo$150.00$150.00$150.00
MI / mo$96.11$96.11$60.30
HOA / mo$0.00$0.00$0.00
Total monthly$1,743.82$2,442.29$2,498.58
Cash to close$126,630$33,500$33,500