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$203,738$203,738$268,200
Remaining term (yrs)27.527.530.0
Secondary amount$0$64,462$0
Funding fee$0$0$0
Note rate6.790%6.790%7.320%
Blended rate7.340%7.739%7.560%
1st payment$1,362.06$1,362.06$1,842.35
2nd payment$0.00$483.47$0.00
Taxes / mo$372.00$372.00$372.00
Insurance / mo$150.00$150.00$150.00
MI / mo$95.86$95.86$53.64
HOA / mo$0.00$0.00$0.00
Total monthly$1,979.91$2,463.38$2,417.99
Cash to close$94,262$29,800$29,800