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$177,658$177,658$346,410
Remaining term (yrs)20.720.730.0
Secondary amount$0$168,752$0
Funding fee$0$0$0
Note rate6.160%6.160%7.320%
Blended rate7.010%7.492%7.560%
1st payment$1,263.17$1,263.17$2,379.60
2nd payment$0.00$1,125.01$0.00
Taxes / mo$388.16$388.16$388.16
Insurance / mo$150.00$150.00$150.00
MI / mo$159.38$159.38$69.28
HOA / mo$13.00$13.00$13.00
Total monthly$1,973.70$3,098.72$3,000.04
Cash to close$207,242$38,490$38,490