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$168,878$168,878$276,300
Remaining term (yrs)26.626.630.0
Secondary amount$0$107,422$0
Funding fee$0$0$0
Note rate6.500%6.500%7.400%
Blended rate7.050%7.419%7.640%
1st payment$1,110.90$1,110.90$1,913.05
2nd payment$0.00$716.15$0.00
Taxes / mo$255.83$255.83$255.83
Insurance / mo$150.00$150.00$150.00
MI / mo$80.56$80.56$55.26
HOA / mo$0.00$0.00$0.00
Total monthly$1,597.29$2,313.44$2,374.14
Cash to close$138,122$30,700$30,700