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$168,602$168,602$233,100
Remaining term (yrs)27.727.730.0
Secondary amount$0$64,498$0
Funding fee$0$0$0
Note rate6.990%6.990%7.320%
Blended rate7.540%7.944%7.560%
1st payment$1,146.94$1,146.94$1,601.24
2nd payment$0.00$483.74$0.00
Taxes / mo$137.25$137.25$137.25
Insurance / mo$150.00$150.00$150.00
MI / mo$79.09$79.09$46.62
HOA / mo$0.00$0.00$0.00
Total monthly$1,513.28$1,997.02$1,935.11
Cash to close$90,398$25,900$25,900