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$203,974$203,974$283,500
Remaining term (yrs)26.526.530.0
Secondary amount$0$79,526$0
Funding fee$0$0$0
Note rate6.420%6.420%7.400%
Blended rate6.970%7.539%7.640%
1st payment$1,332.97$1,332.97$1,962.90
2nd payment$0.00$596.44$0.00
Taxes / mo$166.00$166.00$166.00
Insurance / mo$150.00$150.00$150.00
MI / mo$97.47$97.47$56.70
HOA / mo$0.00$0.00$0.00
Total monthly$1,746.44$2,342.88$2,335.60
Cash to close$111,026$31,500$31,500