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$219,152$219,152$289,800
Remaining term (yrs)27.527.530.0
Secondary amount$0$70,648$0
Funding fee$0$0$0
Note rate6.880%6.880%7.400%
Blended rate7.430%7.813%7.640%
1st payment$1,477.97$1,477.97$2,006.52
2nd payment$0.00$529.86$0.00
Taxes / mo$122.92$122.92$122.92
Insurance / mo$150.00$150.00$150.00
MI / mo$103.06$103.06$57.96
HOA / mo$0.00$0.00$0.00
Total monthly$1,853.95$2,383.80$2,337.39
Cash to close$102,848$32,200$32,200