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$219,395$219,395$236,599
Remaining term (yrs)28.128.130.0
Secondary amount$0$30,348$0
Funding fee$0$0$0
Note rate6.540%6.540%7.320%
Blended rate7.090%7.671%7.560%
1st payment$1,420.78$1,420.78$1,625.27
2nd payment$0.00$300.32$0.00
Taxes / mo$219.07$219.07$219.07
Insurance / mo$150.00$150.00$150.00
MI / mo$102.60$102.60$47.32
HOA / mo$4.00$4.00$4.00
Total monthly$1,896.45$2,196.77$2,045.67
Cash to close$43,493$13,144$26,289