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$218,703$218,703$306,000
Remaining term (yrs)29.129.130.0
Secondary amount$0$87,297$0
Funding fee$0$0$0
Note rate6.340%6.340%7.320%
Blended rate6.890%7.492%7.560%
1st payment$1,371.17$1,371.17$2,102.01
2nd payment$0.00$654.73$0.00
Taxes / mo$103.50$103.50$103.50
Insurance / mo$150.00$150.00$150.00
MI / mo$101.11$101.11$61.20
HOA / mo$0.00$0.00$0.00
Total monthly$1,725.78$2,380.51$2,416.71
Cash to close$121,297$34,000$34,000