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$199,791$199,791$220,410
Remaining term (yrs)28.728.730.0
Secondary amount$0$32,864$0
Funding fee$0$0$0
Note rate6.860%6.860%7.400%
Blended rate7.410%8.041%7.640%
1st payment$1,326.73$1,326.73$1,526.07
2nd payment$0.00$325.21$0.00
Taxes / mo$94.58$94.58$94.58
Insurance / mo$150.00$150.00$150.00
MI / mo$92.71$92.71$44.08
HOA / mo$0.00$0.00$0.00
Total monthly$1,664.02$1,989.23$1,814.74
Cash to close$45,109$12,245$24,490