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$159,631$159,631$350,910
Remaining term (yrs)10.610.630.0
Secondary amount$0$191,279$0
Funding fee$0$0$0
Note rate8.399%8.399%7.400%
Blended rate9.249%8.568%7.640%
1st payment$1,883.08$1,883.08$2,429.63
2nd payment$0.00$1,275.19$0.00
Taxes / mo$324.92$324.92$324.92
Insurance / mo$150.00$150.00$150.00
MI / mo$175.10$175.10$70.18
HOA / mo$440.00$440.00$440.00
Total monthly$2,973.09$4,248.29$3,414.73
Cash to close$230,269$38,990$38,990