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$200,197$200,197$279,000
Remaining term (yrs)28.428.430.0
Secondary amount$0$78,803$0
Funding fee$0$0$0
Note rate6.760%6.760%7.400%
Blended rate7.310%7.787%7.640%
1st payment$1,321.25$1,321.25$1,931.74
2nd payment$0.00$591.02$0.00
Taxes / mo$63.08$63.08$63.08
Insurance / mo$150.00$150.00$150.00
MI / mo$93.27$93.27$55.80
HOA / mo$0.00$0.00$0.00
Total monthly$1,627.60$2,218.63$2,200.62
Cash to close$109,803$31,000$31,000