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$177,508$177,508$319,500
Remaining term (yrs)27.627.630.0
Secondary amount$0$141,992$0
Funding fee$0$0$0
Note rate6.790%6.790%7.320%
Blended rate7.340%7.633%7.560%
1st payment$1,185.49$1,185.49$2,194.74
2nd payment$0.00$946.62$0.00
Taxes / mo$322.08$322.08$322.08
Insurance / mo$150.00$150.00$150.00
MI / mo$83.43$83.43$63.90
HOA / mo$0.00$0.00$0.00
Total monthly$1,741.00$2,687.62$2,730.73
Cash to close$177,492$35,500$35,500