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$168,354$168,354$202,500
Remaining term (yrs)29.229.230.0
Secondary amount$0$34,146$0
Funding fee$0$0$0
Note rate6.150%6.150%7.320%
Blended rate6.700%7.088%7.560%
1st payment$1,033.81$1,033.81$1,391.03
2nd payment$0.00$256.09$0.00
Taxes / mo$151.50$151.50$151.50
Insurance / mo$150.00$150.00$150.00
MI / mo$77.78$77.78$40.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,413.08$1,669.17$1,733.03
Cash to close$56,646$22,500$22,500