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$177,045$177,045$288,000
Remaining term (yrs)26.926.930.0
Secondary amount$0$110,955$0
Funding fee$0$0$0
Note rate6.900%6.900%7.400%
Blended rate7.450%7.662%7.640%
1st payment$1,206.23$1,206.23$1,994.05
2nd payment$0.00$739.70$0.00
Taxes / mo$143.83$143.83$143.83
Insurance / mo$150.00$150.00$150.00
MI / mo$83.94$83.94$57.60
HOA / mo$0.00$0.00$0.00
Total monthly$1,584.00$2,323.70$2,345.49
Cash to close$142,955$32,000$32,000