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$183,203$183,203$211,500
Remaining term (yrs)26.426.430.0
Secondary amount$0$28,297$0
Funding fee$0$0$0
Note rate6.260%6.260%7.400%
Blended rate6.810%7.103%7.640%
1st payment$1,180.15$1,180.15$1,464.38
2nd payment$0.00$212.23$0.00
Taxes / mo$234.38$234.38$234.38
Insurance / mo$150.00$150.00$150.00
MI / mo$87.76$87.76$42.30
HOA / mo$0.00$0.00$0.00
Total monthly$1,652.28$1,864.51$1,891.06
Cash to close$51,797$23,500$23,500