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$199,023$199,023$350,910
Remaining term (yrs)27.627.630.0
Secondary amount$0$151,887$0
Funding fee$0$0$0
Note rate6.880%6.880%7.400%
Blended rate7.430%7.677%7.640%
1st payment$1,340.87$1,340.87$2,429.63
2nd payment$0.00$1,012.58$0.00
Taxes / mo$47.00$47.00$47.00
Insurance / mo$150.00$150.00$150.00
MI / mo$93.50$93.50$70.18
HOA / mo$0.00$0.00$0.00
Total monthly$1,631.37$2,643.95$2,696.81
Cash to close$190,877$38,990$38,990