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$164,283$164,283$202,050
Remaining term (yrs)26.226.230.0
Secondary amount$0$37,767$0
Funding fee$0$0$0
Note rate6.610%6.610%7.400%
Blended rate7.460%7.748%7.640%
1st payment$1,098.54$1,098.54$1,398.95
2nd payment$0.00$283.25$0.00
Taxes / mo$311.18$311.18$311.18
Insurance / mo$150.00$150.00$150.00
MI / mo$121.71$121.71$40.41
HOA / mo$0.00$0.00$0.00
Total monthly$1,681.44$1,964.69$1,900.54
Cash to close$60,217$22,450$22,450