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$4,911$4,911$180,896
Remaining term (yrs)26.926.930.0
Secondary amount$0$175,984$0
Funding fee$0$0$0
Note rate6.890%6.890%7.400%
Blended rate7.440%7.985%7.640%
1st payment$33.43$33.43$1,252.48
2nd payment$0.00$1,173.23$0.00
Taxes / mo$462.08$462.08$462.08
Insurance / mo$150.00$150.00$150.00
MI / mo$2.30$2.30$36.18
HOA / mo$8.33$8.33$8.33
Total monthly$656.15$1,829.38$1,909.08
Cash to close$196,084$20,100$20,100