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$199,126$199,126$217,800
Remaining term (yrs)26.326.330.0
Secondary amount$0$30,774$0
Funding fee$0$0$0
Note rate6.130%6.130%7.320%
Blended rate6.680%7.375%7.560%
1st payment$1,268.07$1,268.07$1,496.13
2nd payment$0.00$304.54$0.00
Taxes / mo$85.50$85.50$85.50
Insurance / mo$150.00$150.00$150.00
MI / mo$95.60$95.60$43.56
HOA / mo$0.00$0.00$0.00
Total monthly$1,599.17$1,903.71$1,775.19
Cash to close$42,874$12,100$24,200