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$219,839$219,839$296,100
Remaining term (yrs)27.427.430.0
Secondary amount$0$76,261$0
Funding fee$0$0$0
Note rate6.660%6.660%7.400%
Blended rate7.210%7.671%7.640%
1st payment$1,454.21$1,454.21$2,050.14
2nd payment$0.00$571.96$0.00
Taxes / mo$156.00$156.00$156.00
Insurance / mo$150.00$150.00$150.00
MI / mo$103.72$103.72$59.22
HOA / mo$0.00$0.00$0.00
Total monthly$1,863.93$2,435.89$2,415.36
Cash to close$109,161$32,900$32,900