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$182,874$182,874$296,910
Remaining term (yrs)26.626.630.0
Secondary amount$0$114,036$0
Funding fee$0$0$0
Note rate6.390%6.390%7.400%
Blended rate6.940%7.347%7.640%
1st payment$1,190.19$1,190.19$2,055.74
2nd payment$0.00$760.24$0.00
Taxes / mo$419.92$419.92$419.92
Insurance / mo$150.00$150.00$150.00
MI / mo$87.30$87.30$59.38
HOA / mo$0.00$0.00$0.00
Total monthly$1,847.41$2,607.65$2,685.04
Cash to close$147,026$32,990$32,990