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$201,703$201,703$216,000
Remaining term (yrs)26.626.630.0
Secondary amount$0$26,297$0
Funding fee$0$0$0
Note rate6.390%6.390%7.400%
Blended rate6.940%7.509%7.640%
1st payment$1,312.74$1,312.74$1,495.54
2nd payment$0.00$260.23$0.00
Taxes / mo$67.58$67.58$67.58
Insurance / mo$150.00$150.00$150.00
MI / mo$96.29$96.29$43.20
HOA / mo$0.00$0.00$0.00
Total monthly$1,626.61$1,886.84$1,756.32
Cash to close$38,297$12,000$24,000