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$163,273$163,273$321,300
Remaining term (yrs)26.726.730.0
Secondary amount$0$158,027$0
Funding fee$0$0$0
Note rate6.340%6.340%7.320%
Blended rate6.890%7.436%7.560%
1st payment$1,056.21$1,056.21$2,207.11
2nd payment$0.00$1,053.51$0.00
Taxes / mo$95.83$95.83$95.83
Insurance / mo$150.00$150.00$150.00
MI / mo$77.88$77.88$64.26
HOA / mo$0.00$0.00$0.00
Total monthly$1,379.92$2,433.43$2,517.20
Cash to close$193,727$35,700$35,700