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$175,048$175,048$214,830
Remaining term (yrs)26.226.230.0
Secondary amount$0$39,782$0
Funding fee$0$0$0
Note rate6.920%6.920%7.320%
Blended rate7.770%7.998%7.560%
1st payment$1,205.32$1,205.32$1,475.73
2nd payment$0.00$298.36$0.00
Taxes / mo$204.25$204.25$204.25
Insurance / mo$150.00$150.00$150.00
MI / mo$129.37$129.37$42.97
HOA / mo$0.00$0.00$0.00
Total monthly$1,688.94$1,987.30$1,872.95
Cash to close$63,652$23,870$23,870