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$193,828$193,828$211,500
Remaining term (yrs)28.028.030.0
Secondary amount$0$29,422$0
Funding fee$0$0$0
Note rate6.080%6.080%7.400%
Blended rate6.630%7.321%7.640%
1st payment$1,199.38$1,199.38$1,464.38
2nd payment$0.00$291.16$0.00
Taxes / mo$36.25$36.25$36.25
Insurance / mo$150.00$150.00$150.00
MI / mo$90.91$90.91$42.30
HOA / mo$0.00$0.00$0.00
Total monthly$1,476.53$1,767.69$1,692.93
Cash to close$41,172$11,750$23,500