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$160,803$160,803$256,410
Remaining term (yrs)28.728.730.0
Secondary amount$0$95,607$0
Funding fee$0$0$0
Note rate6.850%6.850%7.320%
Blended rate7.400%7.997%7.560%
1st payment$1,066.76$1,066.76$1,761.36
2nd payment$0.00$717.05$0.00
Taxes / mo$204.08$204.08$204.08
Insurance / mo$150.00$150.00$150.00
MI / mo$74.62$74.62$51.28
HOA / mo$0.00$0.00$0.00
Total monthly$1,495.46$2,212.52$2,166.72
Cash to close$124,097$28,490$28,490