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$195,093$195,093$225,000
Remaining term (yrs)28.128.130.0
Secondary amount$0$29,907$0
Funding fee$0$0$0
Note rate6.720%6.720%7.400%
Blended rate7.270%7.500%7.640%
1st payment$1,286.23$1,286.23$1,557.85
2nd payment$0.00$224.30$0.00
Taxes / mo$76.25$76.25$76.25
Insurance / mo$150.00$150.00$150.00
MI / mo$91.17$91.17$45.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,603.66$1,827.96$1,829.10
Cash to close$54,907$25,000$25,000