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$153,864$153,864$179,910
Remaining term (yrs)28.028.030.0
Secondary amount$0$26,046$0
Funding fee$0$0$0
Note rate6.780%6.780%7.320%
Blended rate7.330%7.572%7.560%
1st payment$1,021.45$1,021.45$1,235.86
2nd payment$0.00$195.34$0.00
Taxes / mo$68.42$68.42$68.42
Insurance / mo$150.00$150.00$150.00
MI / mo$71.96$71.96$35.98
HOA / mo$30.00$30.00$30.00
Total monthly$1,341.83$1,537.17$1,520.26
Cash to close$46,036$19,990$19,990