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$182,422$182,422$218,700
Remaining term (yrs)27.827.830.0
Secondary amount$0$36,278$0
Funding fee$0$0$0
Note rate7.220%7.220%7.320%
Blended rate7.770%7.974%7.560%
1st payment$1,267.48$1,267.48$1,502.32
2nd payment$0.00$272.08$0.00
Taxes / mo$202.50$202.50$202.50
Insurance / mo$150.00$150.00$150.00
MI / mo$85.41$85.41$43.74
HOA / mo$4.17$4.17$4.17
Total monthly$1,709.56$1,981.64$1,902.73
Cash to close$60,578$24,300$24,300