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$191,033$191,033$247,500
Remaining term (yrs)28.628.630.0
Secondary amount$0$56,467$0
Funding fee$0$0$0
Note rate6.760%6.760%7.400%
Blended rate7.310%7.696%7.640%
1st payment$1,257.17$1,257.17$1,713.64
2nd payment$0.00$423.50$0.00
Taxes / mo$144.08$144.08$144.08
Insurance / mo$150.00$150.00$150.00
MI / mo$88.75$88.75$49.50
HOA / mo$135.00$135.00$135.00
Total monthly$1,775.00$2,198.50$2,192.22
Cash to close$83,967$27,500$27,500