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$185,598$185,598$220,500
Remaining term (yrs)26.526.530.0
Secondary amount$0$34,902$0
Funding fee$0$0$0
Note rate6.540%6.540%7.400%
Blended rate7.090%7.392%7.640%
1st payment$1,227.04$1,227.04$1,526.70
2nd payment$0.00$261.77$0.00
Taxes / mo$271.75$271.75$271.75
Insurance / mo$150.00$150.00$150.00
MI / mo$88.61$88.61$44.10
HOA / mo$0.00$0.00$0.00
Total monthly$1,737.39$1,999.16$1,992.55
Cash to close$59,402$24,500$24,500