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$189,362$189,362$215,999
Remaining term (yrs)26.626.630.0
Secondary amount$0$26,638$0
Funding fee$0$0$0
Note rate6.280%6.280%7.320%
Blended rate6.830%7.098%7.560%
1st payment$1,219.25$1,219.25$1,483.76
2nd payment$0.00$199.78$0.00
Taxes / mo$247.17$247.17$247.17
Insurance / mo$150.00$150.00$150.00
MI / mo$90.47$90.47$43.20
HOA / mo$0.00$0.00$0.00
Total monthly$1,706.89$1,906.67$1,924.13
Cash to close$50,637$24,000$24,000