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$212,259$212,259$242,910
Remaining term (yrs)27.027.030.0
Secondary amount$0$30,651$0
Funding fee$0$0$0
Note rate7.180%7.180%7.400%
Blended rate7.730%7.890%7.640%
1st payment$1,481.97$1,481.97$1,681.86
2nd payment$0.00$229.88$0.00
Taxes / mo$113.67$113.67$113.67
Insurance / mo$150.00$150.00$150.00
MI / mo$100.27$100.27$48.58
HOA / mo$0.00$0.00$0.00
Total monthly$1,845.90$2,075.79$1,994.11
Cash to close$57,641$26,990$26,990