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$182,002$182,002$234,000
Remaining term (yrs)28.828.830.0
Secondary amount$0$51,998$0
Funding fee$0$0$0
Note rate6.670%6.670%7.320%
Blended rate7.220%7.616%7.560%
1st payment$1,184.73$1,184.73$1,607.42
2nd payment$0.00$389.99$0.00
Taxes / mo$101.82$101.82$101.82
Insurance / mo$150.00$150.00$150.00
MI / mo$84.41$84.41$46.80
HOA / mo$0.00$0.00$0.00
Total monthly$1,520.95$1,910.94$1,906.04
Cash to close$77,998$26,000$26,000