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$174,693$174,693$431,100
Remaining term (yrs)28.128.130.0
Secondary amount$0$256,407$0
Funding fee$0$0$0
Note rate6.810%6.810%7.320%
Blended rate7.360%7.592%7.560%
1st payment$1,162.02$1,162.02$2,961.36
2nd payment$0.00$1,655.96$0.00
Taxes / mo$355.08$355.08$355.08
Insurance / mo$166.67$166.67$166.67
MI / mo$81.61$81.61$86.22
HOA / mo$0.00$0.00$0.00
Total monthly$1,765.38$3,421.34$3,569.33
Cash to close$304,307$47,900$47,900