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$153,421$153,421$197,910
Remaining term (yrs)24.424.430.0
Secondary amount$0$44,489$0
Funding fee$0$0$0
Note rate6.900%6.900%7.400%
Blended rate7.450%7.798%7.640%
1st payment$1,081.44$1,081.44$1,370.29
2nd payment$0.00$333.67$0.00
Taxes / mo$68.58$68.58$68.58
Insurance / mo$150.00$150.00$150.00
MI / mo$72.75$72.75$39.58
HOA / mo$0.00$0.00$0.00
Total monthly$1,372.78$1,706.44$1,628.45
Cash to close$66,479$21,990$21,990