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$179,455$179,455$217,800
Remaining term (yrs)27.427.430.0
Secondary amount$0$38,345$0
Funding fee$0$0$0
Note rate6.770%6.770%7.400%
Blended rate7.320%7.616%7.640%
1st payment$1,199.86$1,199.86$1,508.00
2nd payment$0.00$287.59$0.00
Taxes / mo$105.83$105.83$105.83
Insurance / mo$150.00$150.00$150.00
MI / mo$84.62$84.62$43.56
HOA / mo$0.00$0.00$0.00
Total monthly$1,540.31$1,827.90$1,807.40
Cash to close$62,545$24,200$24,200