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$197,132$197,132$269,999
Remaining term (yrs)25.925.930.0
Secondary amount$0$72,867$0
Funding fee$0$0$0
Note rate5.410%5.410%7.320%
Blended rate6.260%6.999%7.560%
1st payment$1,178.31$1,178.31$1,854.71
2nd payment$0.00$546.50$0.00
Taxes / mo$102.33$102.33$102.33
Insurance / mo$150.00$150.00$150.00
MI / mo$148.47$148.47$54.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,579.11$2,125.61$2,161.04
Cash to close$102,867$30,000$30,000