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$172,834$172,834$306,000
Remaining term (yrs)29.929.930.0
Secondary amount$0$133,166$0
Funding fee$0$0$0
Note rate7.030%7.030%7.320%
Blended rate7.580%7.763%7.560%
1st payment$1,154.29$1,154.29$2,102.01
2nd payment$0.00$887.77$0.00
Taxes / mo$154.08$154.08$154.08
Insurance / mo$150.00$150.00$150.00
MI / mo$79.28$79.28$61.20
HOA / mo$250.00$250.00$250.00
Total monthly$1,787.66$2,675.43$2,717.29
Cash to close$167,166$34,000$34,000