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$167,013$167,013$191,250
Remaining term (yrs)27.827.830.0
Secondary amount$0$34,862$0
Funding fee$0$0$0
Note rate6.890%6.890%7.320%
Blended rate7.440%8.206%7.560%
1st payment$1,124.06$1,124.06$1,313.75
2nd payment$0.00$344.99$0.00
Taxes / mo$55.23$55.23$55.23
Insurance / mo$150.00$150.00$150.00
MI / mo$78.31$78.31$38.25
HOA / mo$0.00$0.00$0.00
Total monthly$1,407.60$1,752.59$1,557.23
Cash to close$45,487$10,625$21,250