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$159,171$159,171$179,099
Remaining term (yrs)26.026.030.0
Secondary amount$0$29,878$0
Funding fee$0$0$0
Note rate6.580%6.580%7.320%
Blended rate7.430%8.133%7.560%
1st payment$1,063.85$1,063.85$1,230.29
2nd payment$0.00$295.67$0.00
Taxes / mo$176.49$176.49$176.49
Insurance / mo$150.00$150.00$150.00
MI / mo$118.24$118.24$35.82
HOA / mo$0.00$0.00$0.00
Total monthly$1,508.57$1,804.24$1,592.59
Cash to close$39,828$9,950$19,900