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$189,362$189,362$269,100
Remaining term (yrs)27.727.730.0
Secondary amount$0$79,738$0
Funding fee$0$0$0
Note rate7.090%7.090%7.400%
Blended rate7.640%8.043%7.640%
1st payment$1,300.63$1,300.63$1,863.19
2nd payment$0.00$598.04$0.00
Taxes / mo$112.00$112.00$112.00
Insurance / mo$150.00$150.00$150.00
MI / mo$88.79$88.79$53.82
HOA / mo$0.00$0.00$0.00
Total monthly$1,651.43$2,249.47$2,179.01
Cash to close$109,638$29,900$29,900