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$189,033$189,033$315,000
Remaining term (yrs)37.137.130.0
Secondary amount$0$125,967$0
Funding fee$0$0$0
Note rate7.310%7.310%7.400%
Blended rate7.860%7.916%7.640%
1st payment$1,233.19$1,233.19$2,181.00
2nd payment$0.00$839.78$0.00
Taxes / mo$291.67$291.67$291.67
Insurance / mo$150.00$150.00$150.00
MI / mo$87.76$87.76$63.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,762.62$2,602.40$2,685.66
Cash to close$160,967$35,000$35,000