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$192,190$192,190$265,500
Remaining term (yrs)26.426.430.0
Secondary amount$0$73,310$0
Funding fee$0$0$0
Note rate6.500%6.500%7.400%
Blended rate7.050%7.588%7.640%
1st payment$1,267.21$1,267.21$1,838.27
2nd payment$0.00$549.82$0.00
Taxes / mo$274.58$274.58$274.58
Insurance / mo$150.00$150.00$150.00
MI / mo$91.89$91.89$53.10
HOA / mo$66.67$66.67$66.67
Total monthly$1,850.35$2,400.17$2,382.62
Cash to close$102,810$29,500$29,500