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$176,097$176,097$221,310
Remaining term (yrs)26.726.730.0
Secondary amount$0$45,213$0
Funding fee$0$0$0
Note rate6.430%6.430%7.320%
Blended rate6.980%7.393%7.560%
1st payment$1,149.21$1,149.21$1,520.25
2nd payment$0.00$339.09$0.00
Taxes / mo$41.45$41.45$41.45
Insurance / mo$150.00$150.00$150.00
MI / mo$83.94$83.94$44.26
HOA / mo$0.00$0.00$0.00
Total monthly$1,424.61$1,763.70$1,755.96
Cash to close$69,803$24,590$24,590