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$182,806$182,806$297,000
Remaining term (yrs)26.626.630.0
Secondary amount$0$114,194$0
Funding fee$0$0$0
Note rate6.340%6.340%7.400%
Blended rate6.890%7.317%7.640%
1st payment$1,183.97$1,183.97$2,056.37
2nd payment$0.00$761.29$0.00
Taxes / mo$419.91$419.91$419.91
Insurance / mo$150.00$150.00$150.00
MI / mo$87.30$87.30$59.40
HOA / mo$0.00$0.00$0.00
Total monthly$1,841.18$2,602.47$2,685.68
Cash to close$147,194$33,000$33,000