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$209,646$209,646$259,650
Remaining term (yrs)29.229.230.0
Secondary amount$0$50,004$0
Funding fee$0$0$0
Note rate6.260%6.260%7.400%
Blended rate6.810%7.232%7.640%
1st payment$1,302.24$1,302.24$1,797.76
2nd payment$0.00$375.03$0.00
Taxes / mo$33.25$33.25$33.25
Insurance / mo$150.00$150.00$150.00
MI / mo$96.83$96.83$51.93
HOA / mo$0.00$0.00$0.00
Total monthly$1,582.32$1,957.35$2,032.94
Cash to close$78,854$28,850$28,850