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$167,210$167,210$198,000
Remaining term (yrs)27.427.430.0
Secondary amount$0$30,790$0
Funding fee$0$0$0
Note rate6.780%6.780%7.400%
Blended rate7.330%7.590%7.640%
1st payment$1,117.91$1,117.91$1,370.91
2nd payment$0.00$230.93$0.00
Taxes / mo$20.08$20.08$20.08
Insurance / mo$150.00$150.00$150.00
MI / mo$78.76$78.76$39.60
HOA / mo$0.00$0.00$0.00
Total monthly$1,366.75$1,597.67$1,580.59
Cash to close$52,790$22,000$22,000