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$204,945$204,945$247,500
Remaining term (yrs)27.327.330.0
Secondary amount$0$42,555$0
Funding fee$0$0$0
Note rate6.820%6.820%7.400%
Blended rate7.370%7.650%7.640%
1st payment$1,378.38$1,378.38$1,713.64
2nd payment$0.00$319.16$0.00
Taxes / mo$292.17$292.17$292.17
Insurance / mo$150.00$150.00$150.00
MI / mo$96.71$96.71$49.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,917.26$2,236.42$2,205.31
Cash to close$70,055$27,500$27,500