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$0$0$166,500
Remaining term (yrs)29.429.430.0
Secondary amount$0$166,500$0
Funding fee$0$0$0
Note rate6.500%6.500%7.400%
Blended rate7.050%8.000%7.640%
1st payment$0.00$0.00$1,152.81
2nd payment$0.00$1,110.00$0.00
Taxes / mo$101.33$101.33$101.33
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$33.30
HOA / mo$0.00$0.00$0.00
Total monthly$251.33$1,361.33$1,437.45
Cash to close$185,000$18,500$18,500