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$166,267$166,267$207,000
Remaining term (yrs)26.726.730.0
Secondary amount$0$40,733$0
Funding fee$0$0$0
Note rate6.390%6.390%7.400%
Blended rate6.940%7.345%7.640%
1st payment$1,080.84$1,080.84$1,433.23
2nd payment$0.00$305.50$0.00
Taxes / mo$72.17$72.17$72.17
Insurance / mo$150.00$150.00$150.00
MI / mo$79.28$79.28$41.40
HOA / mo$0.00$0.00$0.00
Total monthly$1,382.28$1,687.78$1,696.79
Cash to close$63,733$23,000$23,000