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$181,287$181,287$351,000
Remaining term (yrs)27.427.430.0
Secondary amount$0$169,713$0
Funding fee$0$0$0
Note rate6.880%6.880%7.400%
Blended rate7.430%7.706%7.640%
1st payment$1,223.84$1,223.84$2,430.25
2nd payment$0.00$1,131.42$0.00
Taxes / mo$137.17$137.17$137.17
Insurance / mo$150.00$150.00$150.00
MI / mo$85.34$85.34$70.20
HOA / mo$0.00$0.00$0.00
Total monthly$1,596.35$2,727.77$2,787.62
Cash to close$208,713$39,000$39,000