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$170,632$170,632$193,500
Remaining term (yrs)26.026.030.0
Secondary amount$0$33,618$0
Funding fee$0$0$0
Note rate6.110%6.110%7.400%
Blended rate6.960%7.769%7.640%
1st payment$1,090.04$1,090.04$1,339.75
2nd payment$0.00$332.67$0.00
Taxes / mo$155.33$155.33$155.33
Insurance / mo$150.00$150.00$150.00
MI / mo$127.28$127.28$38.70
HOA / mo$0.00$0.00$0.00
Total monthly$1,522.65$1,855.33$1,683.79
Cash to close$44,368$10,750$21,500