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$175,104$175,104$197,100
Remaining term (yrs)27.827.830.0
Secondary amount$0$32,946$0
Funding fee$0$0$0
Note rate6.950%6.950%7.320%
Blended rate7.500%8.193%7.560%
1st payment$1,185.42$1,185.42$1,353.94
2nd payment$0.00$326.02$0.00
Taxes / mo$55.00$55.00$55.00
Insurance / mo$150.00$150.00$150.00
MI / mo$82.08$82.08$39.42
HOA / mo$0.00$0.00$0.00
Total monthly$1,472.49$1,798.52$1,598.36
Cash to close$43,896$10,950$21,900