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$190,810$190,810$237,600
Remaining term (yrs)28.828.830.0
Secondary amount$0$46,790$0
Funding fee$0$0$0
Note rate6.810%6.810%7.400%
Blended rate7.360%7.683%7.640%
1st payment$1,259.63$1,259.63$1,645.09
2nd payment$0.00$350.93$0.00
Taxes / mo$60.92$60.92$60.92
Insurance / mo$150.00$150.00$150.00
MI / mo$88.47$88.47$47.52
HOA / mo$0.00$0.00$0.00
Total monthly$1,559.01$1,909.94$1,903.53
Cash to close$73,190$26,400$26,400