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$179,374$179,374$202,500
Remaining term (yrs)26.726.730.0
Secondary amount$0$34,376$0
Funding fee$0$0$0
Note rate6.430%6.430%7.400%
Blended rate6.980%7.767%7.640%
1st payment$1,170.60$1,170.60$1,402.07
2nd payment$0.00$340.18$0.00
Taxes / mo$160.67$160.67$160.67
Insurance / mo$150.00$150.00$150.00
MI / mo$85.51$85.51$40.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,566.77$1,906.95$1,753.24
Cash to close$45,626$11,250$22,500