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$4,598$4,598$161,910
Remaining term (yrs)26.726.730.0
Secondary amount$0$157,312$0
Funding fee$0$0$0
Note rate6.860%6.860%7.320%
Blended rate7.410%7.983%7.560%
1st payment$31.27$31.27$1,112.21
2nd payment$0.00$1,048.75$0.00
Taxes / mo$114.00$114.00$114.00
Insurance / mo$150.00$150.00$150.00
MI / mo$2.14$2.14$32.38
HOA / mo$0.00$0.00$0.00
Total monthly$297.41$1,346.16$1,408.59
Cash to close$175,302$17,990$17,990