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$160,960$160,960$220,499
Remaining term (yrs)27.927.930.0
Secondary amount$0$59,539$0
Funding fee$0$0$0
Note rate6.990%6.990%7.400%
Blended rate7.540%7.934%7.640%
1st payment$1,092.84$1,092.84$1,526.69
2nd payment$0.00$446.54$0.00
Taxes / mo$63.17$63.17$63.17
Insurance / mo$150.00$150.00$150.00
MI / mo$75.36$75.36$44.10
HOA / mo$0.00$0.00$0.00
Total monthly$1,381.37$1,827.91$1,783.96
Cash to close$84,039$24,500$24,500