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$216,941$216,941$269,100
Remaining term (yrs)27.927.930.0
Secondary amount$0$52,159$0
Funding fee$0$0$0
Note rate6.770%6.770%7.400%
Blended rate7.320%7.646%7.640%
1st payment$1,441.64$1,441.64$1,863.19
2nd payment$0.00$391.20$0.00
Taxes / mo$289.83$289.83$289.83
Insurance / mo$150.00$150.00$150.00
MI / mo$101.67$101.67$53.82
HOA / mo$0.00$0.00$0.00
Total monthly$1,983.14$2,374.33$2,356.85
Cash to close$82,059$29,900$29,900