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$185,910$185,910$251,100
Remaining term (yrs)26.826.830.0
Secondary amount$0$65,190$0
Funding fee$0$0$0
Note rate6.670%6.670%7.400%
Blended rate7.220%7.682%7.640%
1st payment$1,240.36$1,240.36$1,738.57
2nd payment$0.00$488.92$0.00
Taxes / mo$145.67$145.67$145.67
Insurance / mo$150.00$150.00$150.00
MI / mo$88.37$88.37$50.22
HOA / mo$0.00$0.00$0.00
Total monthly$1,624.41$2,113.33$2,084.45
Cash to close$93,090$27,900$27,900