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$179,841$179,841$234,000
Remaining term (yrs)28.228.230.0
Secondary amount$0$54,159$0
Funding fee$0$0$0
Note rate6.780%6.780%7.400%
Blended rate7.330%7.717%7.640%
1st payment$1,191.56$1,191.56$1,620.17
2nd payment$0.00$406.20$0.00
Taxes / mo$98.08$98.08$98.08
Insurance / mo$150.00$150.00$150.00
MI / mo$83.94$83.94$46.80
HOA / mo$0.00$0.00$0.00
Total monthly$1,523.59$1,929.78$1,915.05
Cash to close$80,159$26,000$26,000