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$175,029$175,029$229,500
Remaining term (yrs)26.126.130.0
Secondary amount$0$54,471$0
Funding fee$0$0$0
Note rate6.700%6.700%7.400%
Blended rate7.550%7.894%7.640%
1st payment$1,181.83$1,181.83$1,589.01
2nd payment$0.00$408.53$0.00
Taxes / mo$155.96$155.96$155.96
Insurance / mo$150.00$150.00$150.00
MI / mo$129.73$129.73$45.90
HOA / mo$46.00$46.00$46.00
Total monthly$1,663.52$2,072.05$1,986.88
Cash to close$79,971$25,500$25,500