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$177,402$177,402$211,500
Remaining term (yrs)26.926.930.0
Secondary amount$0$34,098$0
Funding fee$0$0$0
Note rate7.230%7.230%7.400%
Blended rate7.780%7.977%7.640%
1st payment$1,246.92$1,246.92$1,464.38
2nd payment$0.00$255.73$0.00
Taxes / mo$108.67$108.67$108.67
Insurance / mo$150.00$150.00$150.00
MI / mo$83.94$83.94$42.30
HOA / mo$0.00$0.00$0.00
Total monthly$1,589.53$1,845.26$1,765.35
Cash to close$57,598$23,500$23,500