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$212,720$212,720$274,500
Remaining term (yrs)27.927.930.0
Secondary amount$0$61,780$0
Funding fee$0$0$0
Note rate6.780%6.780%7.320%
Blended rate7.330%7.706%7.560%
1st payment$1,414.98$1,414.98$1,885.62
2nd payment$0.00$463.35$0.00
Taxes / mo$287.17$287.17$287.17
Insurance / mo$150.00$150.00$150.00
MI / mo$99.68$99.68$54.90
HOA / mo$0.00$0.00$0.00
Total monthly$1,951.83$2,415.18$2,377.69
Cash to close$92,280$30,500$30,500