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$179,681$179,681$247,500
Remaining term (yrs)26.626.630.0
Secondary amount$0$67,819$0
Funding fee$0$0$0
Note rate6.340%6.340%7.400%
Blended rate6.890%7.468%7.640%
1st payment$1,163.73$1,163.73$1,713.64
2nd payment$0.00$508.64$0.00
Taxes / mo$77.42$77.42$77.42
Insurance / mo$150.00$150.00$150.00
MI / mo$85.81$85.81$49.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,476.95$1,985.59$1,990.56
Cash to close$95,319$27,500$27,500