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$204,834$204,834$315,000
Remaining term (yrs)26.426.430.0
Secondary amount$0$110,166$0
Funding fee$0$0$0
Note rate6.500%6.500%7.320%
Blended rate7.050%7.382%7.560%
1st payment$1,350.57$1,350.57$2,163.83
2nd payment$0.00$734.44$0.00
Taxes / mo$154.67$154.67$154.67
Insurance / mo$150.00$150.00$150.00
MI / mo$97.93$97.93$63.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,753.17$2,487.62$2,531.50
Cash to close$145,166$35,000$35,000