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$175,005$175,005$211,410
Remaining term (yrs)28.028.030.0
Secondary amount$0$36,405$0
Funding fee$0$0$0
Note rate6.080%6.080%7.400%
Blended rate6.630%7.038%7.640%
1st payment$1,082.90$1,082.90$1,463.76
2nd payment$0.00$273.04$0.00
Taxes / mo$169.50$169.50$169.50
Insurance / mo$150.00$150.00$150.00
MI / mo$82.08$82.08$42.28
HOA / mo$0.00$0.00$0.00
Total monthly$1,484.48$1,757.52$1,825.54
Cash to close$59,895$23,490$23,490