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$180,913$180,913$247,500
Remaining term (yrs)23.623.630.0
Secondary amount$0$66,587$0
Funding fee$0$0$0
Note rate6.640%6.640%7.320%
Blended rate7.190%7.677%7.560%
1st payment$1,263.15$1,263.15$1,700.15
2nd payment$0.00$499.40$0.00
Taxes / mo$346.25$346.25$346.25
Insurance / mo$150.00$150.00$150.00
MI / mo$84.64$84.64$49.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,844.04$2,343.44$2,245.90
Cash to close$94,087$27,500$27,500