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$156,751$156,751$179,999
Remaining term (yrs)27.827.830.0
Secondary amount$0$33,248$0
Funding fee$0$0$0
Note rate7.030%7.030%7.400%
Blended rate7.580%8.332%7.640%
1st payment$1,069.42$1,069.42$1,246.28
2nd payment$0.00$329.01$0.00
Taxes / mo$166.67$166.67$166.67
Insurance / mo$150.00$150.00$150.00
MI / mo$73.45$73.45$36.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,459.53$1,788.55$1,598.94
Cash to close$43,248$10,000$20,000