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$157,969$157,969$189,000
Remaining term (yrs)27.027.030.0
Secondary amount$0$31,031$0
Funding fee$0$0$0
Note rate7.190%7.190%7.400%
Blended rate7.740%7.947%7.640%
1st payment$1,103.97$1,103.97$1,308.60
2nd payment$0.00$232.73$0.00
Taxes / mo$244.58$244.58$244.58
Insurance / mo$150.00$150.00$150.00
MI / mo$74.62$74.62$37.80
HOA / mo$2.08$2.08$2.08
Total monthly$1,575.25$1,807.98$1,743.06
Cash to close$52,031$21,000$21,000