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$202,855$202,855$243,000
Remaining term (yrs)28.028.030.0
Secondary amount$0$40,145$0
Funding fee$0$0$0
Note rate6.090%6.090%7.400%
Blended rate6.640%7.030%7.640%
1st payment$1,256.52$1,256.52$1,682.48
2nd payment$0.00$301.09$0.00
Taxes / mo$123.42$123.42$123.42
Insurance / mo$150.00$150.00$150.00
MI / mo$95.14$95.14$48.60
HOA / mo$0.00$0.00$0.00
Total monthly$1,625.08$1,926.16$2,004.50
Cash to close$67,145$27,000$27,000