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$156,595$156,595$337,500
Remaining term (yrs)26.926.930.0
Secondary amount$0$180,905$0
Funding fee$0$0$0
Note rate6.810%6.810%7.400%
Blended rate7.360%7.703%7.640%
1st payment$1,057.77$1,057.77$2,336.78
2nd payment$0.00$1,206.03$0.00
Taxes / mo$312.50$312.50$312.50
Insurance / mo$150.00$150.00$150.00
MI / mo$74.29$74.29$67.50
HOA / mo$275.00$275.00$275.00
Total monthly$1,869.56$3,075.59$3,141.78
Cash to close$218,405$37,500$37,500