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$181,868$181,868$220,500
Remaining term (yrs)29.529.530.0
Secondary amount$0$38,632$0
Funding fee$0$0$0
Note rate6.510%6.510%7.400%
Blended rate7.060%7.400%7.640%
1st payment$1,154.93$1,154.93$1,526.70
2nd payment$0.00$289.74$0.00
Taxes / mo$204.17$204.17$204.17
Insurance / mo$150.00$150.00$150.00
MI / mo$83.66$83.66$44.10
HOA / mo$0.00$0.00$0.00
Total monthly$1,592.75$1,882.50$1,924.96
Cash to close$63,132$24,500$24,500