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$183,880$183,880$201,600
Remaining term (yrs)26.626.630.0
Secondary amount$0$28,920$0
Funding fee$0$0$0
Note rate6.430%6.430%7.400%
Blended rate6.980%7.645%7.640%
1st payment$1,201.41$1,201.41$1,395.84
2nd payment$0.00$286.19$0.00
Taxes / mo$42.58$42.58$42.58
Insurance / mo$150.00$150.00$150.00
MI / mo$87.76$87.76$40.32
HOA / mo$0.00$0.00$0.00
Total monthly$1,481.75$1,767.93$1,628.74
Cash to close$40,120$11,200$22,400