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$190,218$190,218$204,750
Remaining term (yrs)27.227.230.0
Secondary amount$0$25,907$0
Funding fee$0$0$0
Note rate7.440%7.440%7.400%
Blended rate7.990%8.456%7.640%
1st payment$1,358.21$1,358.21$1,417.65
2nd payment$0.00$256.37$0.00
Taxes / mo$67.08$67.08$67.08
Insurance / mo$150.00$150.00$150.00
MI / mo$89.56$89.56$40.95
HOA / mo$0.00$0.00$0.00
Total monthly$1,664.85$1,921.22$1,675.68
Cash to close$37,282$11,375$22,750