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$182,319$182,319$197,910
Remaining term (yrs)27.927.930.0
Secondary amount$0$26,586$0
Funding fee$0$0$0
Note rate6.470%6.470%7.400%
Blended rate7.020%7.638%7.640%
1st payment$1,174.87$1,174.87$1,370.29
2nd payment$0.00$263.09$0.00
Taxes / mo$49.25$49.25$49.25
Insurance / mo$150.00$150.00$150.00
MI / mo$85.46$85.46$39.58
HOA / mo$0.00$0.00$0.00
Total monthly$1,459.58$1,722.67$1,609.12
Cash to close$37,581$10,995$21,990