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$156,678$156,678$341,999
Remaining term (yrs)9.39.330.0
Secondary amount$0$185,321$0
Funding fee$0$0$0
Note rate6.170%6.170%7.400%
Blended rate7.020%7.551%7.640%
1st payment$1,831.57$1,831.57$2,367.93
2nd payment$0.00$1,235.48$0.00
Taxes / mo$316.67$316.67$316.67
Insurance / mo$150.00$150.00$150.00
MI / mo$212.50$212.50$68.40
HOA / mo$0.00$0.00$0.00
Total monthly$2,510.74$3,746.21$2,903.00
Cash to close$223,321$38,000$38,000