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$163,364$163,364$352,620
Remaining term (yrs)28.728.730.0
Secondary amount$0$189,256$0
Funding fee$0$0$0
Note rate6.380%6.380%7.320%
Blended rate6.930%7.504%7.560%
1st payment$1,033.58$1,033.58$2,422.25
2nd payment$0.00$1,261.71$0.00
Taxes / mo$561.17$561.17$561.17
Insurance / mo$150.00$150.00$150.00
MI / mo$75.89$75.89$70.52
HOA / mo$1,063.00$1,063.00$1,063.00
Total monthly$2,883.64$4,145.34$4,266.95
Cash to close$228,436$39,180$39,180