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$179,420$179,420$204,210
Remaining term (yrs)28.728.730.0
Secondary amount$0$36,135$0
Funding fee$0$0$0
Note rate6.850%6.850%7.320%
Blended rate7.400%8.150%7.560%
1st payment$1,190.27$1,190.27$1,402.78
2nd payment$0.00$357.58$0.00
Taxes / mo$218.08$218.08$218.08
Insurance / mo$150.00$150.00$150.00
MI / mo$83.26$83.26$40.84
HOA / mo$0.00$0.00$0.00
Total monthly$1,641.61$1,999.19$1,811.71
Cash to close$47,480$11,345$22,690