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$160,463$160,463$197,100
Remaining term (yrs)27.227.230.0
Secondary amount$0$36,637$0
Funding fee$0$0$0
Note rate7.290%7.290%7.400%
Blended rate7.840%8.056%7.640%
1st payment$1,129.78$1,129.78$1,364.68
2nd payment$0.00$274.78$0.00
Taxes / mo$209.33$209.33$209.33
Insurance / mo$150.00$150.00$150.00
MI / mo$75.61$75.61$39.42
HOA / mo$0.00$0.00$0.00
Total monthly$1,564.72$1,839.49$1,763.43
Cash to close$58,537$21,900$21,900