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$170,499$170,499$197,910
Remaining term (yrs)26.326.330.0
Secondary amount$0$27,411$0
Funding fee$0$0$0
Note rate6.360%6.360%7.320%
Blended rate6.910%7.199%7.560%
1st payment$1,110.40$1,110.40$1,359.50
2nd payment$0.00$205.58$0.00
Taxes / mo$50.00$50.00$50.00
Insurance / mo$150.00$150.00$150.00
MI / mo$81.71$81.71$39.58
HOA / mo$0.00$0.00$0.00
Total monthly$1,392.11$1,597.69$1,599.09
Cash to close$49,401$21,990$21,990