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$202,088$202,088$233,910
Remaining term (yrs)26.426.430.0
Secondary amount$0$31,822$0
Funding fee$0$0$0
Note rate6.320%6.320%7.400%
Blended rate6.870%7.160%7.640%
1st payment$1,309.44$1,309.44$1,619.55
2nd payment$0.00$238.67$0.00
Taxes / mo$278.00$278.00$278.00
Insurance / mo$150.00$150.00$150.00
MI / mo$96.76$96.76$46.78
HOA / mo$0.00$0.00$0.00
Total monthly$1,834.19$2,072.86$2,094.33
Cash to close$57,812$25,990$25,990