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$179,165$179,165$216,000
Remaining term (yrs)26.626.630.0
Secondary amount$0$36,835$0
Funding fee$0$0$0
Note rate6.430%6.430%7.400%
Blended rate6.980%7.324%7.640%
1st payment$1,170.60$1,170.60$1,495.54
2nd payment$0.00$276.26$0.00
Taxes / mo$167.25$167.25$167.25
Insurance / mo$150.00$150.00$150.00
MI / mo$85.51$85.51$43.20
HOA / mo$0.00$0.00$0.00
Total monthly$1,573.35$1,849.62$1,855.99
Cash to close$60,835$24,000$24,000