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$178,608$178,608$313,200
Remaining term (yrs)28.428.430.0
Secondary amount$0$134,592$0
Funding fee$0$0$0
Note rate6.650%6.650%7.400%
Blended rate7.200%7.544%7.640%
1st payment$1,164.78$1,164.78$2,168.53
2nd payment$0.00$897.28$0.00
Taxes / mo$168.08$168.08$168.08
Insurance / mo$150.00$150.00$150.00
MI / mo$83.16$83.16$62.64
HOA / mo$0.00$0.00$0.00
Total monthly$1,566.02$2,463.30$2,549.26
Cash to close$169,392$34,800$34,800