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$204,060$204,060$269,910
Remaining term (yrs)26.826.830.0
Secondary amount$0$65,850$0
Funding fee$0$0$0
Note rate6.670%6.670%7.320%
Blended rate7.220%7.654%7.560%
1st payment$1,361.46$1,361.46$1,854.09
2nd payment$0.00$493.88$0.00
Taxes / mo$79.17$79.17$79.17
Insurance / mo$150.00$150.00$150.00
MI / mo$97.00$97.00$53.98
HOA / mo$0.00$0.00$0.00
Total monthly$1,687.63$2,181.50$2,137.24
Cash to close$95,840$29,990$29,990