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$167,300$167,300$201,600
Remaining term (yrs)27.827.830.0
Secondary amount$0$34,300$0
Funding fee$0$0$0
Note rate6.890%6.890%7.320%
Blended rate7.440%7.705%7.560%
1st payment$1,126.00$1,126.00$1,384.85
2nd payment$0.00$257.25$0.00
Taxes / mo$136.58$136.58$136.58
Insurance / mo$150.00$150.00$150.00
MI / mo$78.44$78.44$40.32
HOA / mo$0.00$0.00$0.00
Total monthly$1,491.02$1,748.27$1,711.76
Cash to close$56,700$22,400$22,400