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$191,182$191,182$225,000
Remaining term (yrs)27.127.130.0
Secondary amount$0$33,818$0
Funding fee$0$0$0
Note rate7.630%7.630%7.320%
Blended rate8.180%8.303%7.560%
1st payment$1,390.62$1,390.62$1,545.59
2nd payment$0.00$253.64$0.00
Taxes / mo$19.42$19.42$19.42
Insurance / mo$150.00$150.00$150.00
MI / mo$90.01$90.01$45.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,650.04$1,903.68$1,760.01
Cash to close$58,818$25,000$25,000