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$183,549$183,549$229,410
Remaining term (yrs)28.428.430.0
Secondary amount$0$45,861$0
Funding fee$0$0$0
Note rate6.650%6.650%7.400%
Blended rate7.200%7.560%7.640%
1st payment$1,197.00$1,197.00$1,588.39
2nd payment$0.00$343.96$0.00
Taxes / mo$245.33$245.33$245.33
Insurance / mo$150.00$150.00$150.00
MI / mo$85.46$85.46$45.88
HOA / mo$0.00$0.00$0.00
Total monthly$1,677.79$2,021.75$2,029.60
Cash to close$71,351$25,490$25,490