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$158,210$158,210$184,500
Remaining term (yrs)27.727.730.0
Secondary amount$0$26,290$0
Funding fee$0$0$0
Note rate6.880%6.880%7.400%
Blended rate7.430%7.654%7.640%
1st payment$1,064.84$1,064.84$1,277.44
2nd payment$0.00$197.17$0.00
Taxes / mo$170.83$170.83$170.83
Insurance / mo$150.00$150.00$150.00
MI / mo$74.26$74.26$36.90
HOA / mo$0.00$0.00$0.00
Total monthly$1,459.93$1,657.10$1,635.17
Cash to close$46,790$20,500$20,500