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$174,939$174,939$243,000
Remaining term (yrs)28.028.030.0
Secondary amount$0$68,061$0
Funding fee$0$0$0
Note rate6.500%6.500%7.320%
Blended rate7.050%7.596%7.560%
1st payment$1,129.52$1,129.52$1,669.24
2nd payment$0.00$510.46$0.00
Taxes / mo$472.25$472.25$472.25
Insurance / mo$150.00$150.00$150.00
MI / mo$81.91$81.91$48.60
HOA / mo$0.00$0.00$0.00
Total monthly$1,833.68$2,344.14$2,340.09
Cash to close$95,061$27,000$27,000