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$206,431$206,431$269,100
Remaining term (yrs)27.927.930.0
Secondary amount$0$62,669$0
Funding fee$0$0$0
Note rate6.730%6.730%7.400%
Blended rate7.280%7.681%7.640%
1st payment$1,366.42$1,366.42$1,863.19
2nd payment$0.00$470.02$0.00
Taxes / mo$57.83$57.83$57.83
Insurance / mo$150.00$150.00$150.00
MI / mo$96.76$96.76$53.82
HOA / mo$0.00$0.00$0.00
Total monthly$1,671.01$2,141.02$2,124.85
Cash to close$92,569$29,900$29,900