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$194,090$194,090$215,910
Remaining term (yrs)28.828.830.0
Secondary amount$0$33,815$0
Funding fee$0$0$0
Note rate6.720%6.720%7.320%
Blended rate7.270%7.953%7.560%
1st payment$1,269.78$1,269.78$1,483.15
2nd payment$0.00$334.63$0.00
Taxes / mo$69.17$69.17$69.17
Insurance / mo$150.00$150.00$150.00
MI / mo$90.01$90.01$43.18
HOA / mo$0.00$0.00$0.00
Total monthly$1,578.96$1,913.58$1,745.50
Cash to close$45,810$11,995$23,990