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$218,095$218,095$269,550
Remaining term (yrs)29.129.130.0
Secondary amount$0$51,455$0
Funding fee$0$0$0
Note rate6.180%6.180%7.400%
Blended rate6.730%7.163%7.640%
1st payment$1,344.82$1,344.82$1,866.31
2nd payment$0.00$385.91$0.00
Taxes / mo$168.00$168.00$168.00
Insurance / mo$150.00$150.00$150.00
MI / mo$100.85$100.85$53.91
HOA / mo$865.00$865.00$865.00
Total monthly$2,628.67$3,014.58$3,103.22
Cash to close$81,405$29,950$29,950