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$158,666$158,666$182,700
Remaining term (yrs)28.528.530.0
Secondary amount$0$34,184$0
Funding fee$0$0$0
Note rate6.640%6.640%7.320%
Blended rate7.190%8.020%7.560%
1st payment$1,032.68$1,032.68$1,255.02
2nd payment$0.00$338.28$0.00
Taxes / mo$126.08$126.08$126.08
Insurance / mo$150.00$150.00$150.00
MI / mo$73.80$73.80$36.54
HOA / mo$0.00$0.00$0.00
Total monthly$1,382.57$1,720.85$1,567.65
Cash to close$44,334$10,150$20,300