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$190,142$190,142$215,999
Remaining term (yrs)28.128.130.0
Secondary amount$0$25,857$0
Funding fee$0$0$0
Note rate6.120%6.120%7.400%
Blended rate6.670%6.949%7.640%
1st payment$1,180.09$1,180.09$1,495.53
2nd payment$0.00$193.93$0.00
Taxes / mo$87.67$87.67$87.67
Insurance / mo$150.00$150.00$150.00
MI / mo$89.06$89.06$43.20
HOA / mo$0.00$0.00$0.00
Total monthly$1,506.82$1,700.75$1,776.40
Cash to close$49,857$24,000$24,000