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$195,356$195,356$224,550
Remaining term (yrs)27.427.430.0
Secondary amount$0$29,194$0
Funding fee$0$0$0
Note rate6.690%6.690%7.320%
Blended rate7.240%7.469%7.560%
1st payment$1,296.05$1,296.05$1,542.50
2nd payment$0.00$218.96$0.00
Taxes / mo$80.25$80.25$80.25
Insurance / mo$150.00$150.00$150.00
MI / mo$92.15$92.15$44.91
HOA / mo$0.00$0.00$0.00
Total monthly$1,618.45$1,837.41$1,817.66
Cash to close$54,144$24,950$24,950