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$166,715$166,715$193,500
Remaining term (yrs)27.427.430.0
Secondary amount$0$26,785$0
Funding fee$0$0$0
Note rate6.780%6.780%7.400%
Blended rate7.330%7.561%7.640%
1st payment$1,114.61$1,114.61$1,339.75
2nd payment$0.00$200.89$0.00
Taxes / mo$108.33$108.33$108.33
Insurance / mo$150.00$150.00$150.00
MI / mo$78.52$78.52$38.70
HOA / mo$0.00$0.00$0.00
Total monthly$1,451.47$1,652.35$1,636.79
Cash to close$48,285$21,500$21,500