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$188,474$188,474$242,910
Remaining term (yrs)28.428.430.0
Secondary amount$0$54,436$0
Funding fee$0$0$0
Note rate6.640%6.640%7.320%
Blended rate7.190%7.596%7.560%
1st payment$1,227.89$1,227.89$1,668.62
2nd payment$0.00$408.27$0.00
Taxes / mo$122.50$122.50$122.50
Insurance / mo$150.00$150.00$150.00
MI / mo$87.76$87.76$48.58
HOA / mo$0.00$0.00$0.00
Total monthly$1,588.15$1,996.41$1,989.71
Cash to close$81,426$26,990$26,990