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$217,801$217,801$269,910
Remaining term (yrs)27.827.830.0
Secondary amount$0$52,109$0
Funding fee$0$0$0
Note rate6.860%6.860%7.320%
Blended rate7.410%7.717%7.560%
1st payment$1,461.61$1,461.61$1,854.09
2nd payment$0.00$390.81$0.00
Taxes / mo$259.08$259.08$259.08
Insurance / mo$150.00$150.00$150.00
MI / mo$102.13$102.13$53.98
HOA / mo$0.00$0.00$0.00
Total monthly$1,972.83$2,363.64$2,317.16
Cash to close$82,099$29,990$29,990