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$179,206$179,206$242,910
Remaining term (yrs)27.027.030.0
Secondary amount$0$63,704$0
Funding fee$0$0$0
Note rate7.200%7.200%7.320%
Blended rate7.750%8.078%7.560%
1st payment$1,253.56$1,253.56$1,668.62
2nd payment$0.00$477.78$0.00
Taxes / mo$269.08$269.08$269.08
Insurance / mo$150.00$150.00$150.00
MI / mo$84.64$84.64$48.58
HOA / mo$367.00$367.00$367.00
Total monthly$2,124.29$2,602.06$2,503.29
Cash to close$90,694$26,990$26,990