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$154,157$154,157$170,910
Remaining term (yrs)27.427.430.0
Secondary amount$0$26,248$0
Funding fee$0$0$0
Note rate6.870%6.870%7.400%
Blended rate7.420%8.068%7.640%
1st payment$1,040.74$1,040.74$1,183.35
2nd payment$0.00$259.75$0.00
Taxes / mo$104.17$104.17$104.17
Insurance / mo$150.00$150.00$150.00
MI / mo$72.65$72.65$34.18
HOA / mo$0.00$0.00$0.00
Total monthly$1,367.56$1,627.31$1,471.69
Cash to close$35,743$9,495$18,990