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$178,237$178,237$201,600
Remaining term (yrs)26.526.530.0
Secondary amount$0$34,563$0
Funding fee$0$0$0
Note rate6.600%6.600%7.320%
Blended rate7.150%7.917%7.560%
1st payment$1,185.20$1,185.20$1,384.85
2nd payment$0.00$342.03$0.00
Taxes / mo$186.67$186.67$186.67
Insurance / mo$150.00$150.00$150.00
MI / mo$85.06$85.06$40.32
HOA / mo$0.00$0.00$0.00
Total monthly$1,606.92$1,948.95$1,761.84
Cash to close$45,763$11,200$22,400