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$212,781$212,781$238,500
Remaining term (yrs)28.428.430.0
Secondary amount$0$25,719$0
Funding fee$0$0$0
Note rate6.870%6.870%7.320%
Blended rate7.420%7.590%7.560%
1st payment$1,418.34$1,418.34$1,638.33
2nd payment$0.00$192.89$0.00
Taxes / mo$92.83$92.83$92.83
Insurance / mo$150.00$150.00$150.00
MI / mo$99.01$99.01$47.70
HOA / mo$0.00$0.00$0.00
Total monthly$1,760.18$1,953.07$1,928.86
Cash to close$52,219$26,500$26,500