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$181,560$181,560$247,500
Remaining term (yrs)28.928.930.0
Secondary amount$0$65,940$0
Funding fee$0$0$0
Note rate6.500%6.500%7.400%
Blended rate7.050%7.570%7.640%
1st payment$1,160.55$1,160.55$1,713.64
2nd payment$0.00$494.55$0.00
Taxes / mo$279.17$279.17$279.17
Insurance / mo$150.00$150.00$150.00
MI / mo$84.16$84.16$49.50
HOA / mo$24.00$24.00$24.00
Total monthly$1,697.87$2,192.43$2,216.31
Cash to close$93,440$27,500$27,500