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$183,063$183,063$200,610
Remaining term (yrs)27.927.930.0
Secondary amount$0$28,692$0
Funding fee$0$0$0
Note rate6.470%6.470%7.400%
Blended rate7.020%7.678%7.640%
1st payment$1,179.67$1,179.67$1,388.98
2nd payment$0.00$283.93$0.00
Taxes / mo$61.00$61.00$61.00
Insurance / mo$150.00$150.00$150.00
MI / mo$85.81$85.81$40.12
HOA / mo$0.00$0.00$0.00
Total monthly$1,476.48$1,760.40$1,640.11
Cash to close$39,837$11,145$22,290