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$154,565$154,565$218,610
Remaining term (yrs)27.027.030.0
Secondary amount$0$64,045$0
Funding fee$0$0$0
Note rate7.250%7.250%7.320%
Blended rate7.800%8.152%7.560%
1st payment$1,086.28$1,086.28$1,501.70
2nd payment$0.00$480.34$0.00
Taxes / mo$202.42$202.42$202.42
Insurance / mo$150.00$150.00$150.00
MI / mo$72.98$72.98$43.72
HOA / mo$0.00$0.00$0.00
Total monthly$1,511.68$1,992.02$1,897.84
Cash to close$88,335$24,290$24,290