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$159,858$159,858$179,910
Remaining term (yrs)28.228.230.0
Secondary amount$0$30,047$0
Funding fee$0$0$0
Note rate6.780%6.780%7.320%
Blended rate7.330%8.049%7.560%
1st payment$1,059.17$1,059.17$1,235.86
2nd payment$0.00$297.34$0.00
Taxes / mo$247.33$247.33$247.33
Insurance / mo$150.00$150.00$150.00
MI / mo$74.62$74.62$35.98
HOA / mo$0.00$0.00$0.00
Total monthly$1,531.12$1,828.45$1,669.17
Cash to close$40,042$9,995$19,990