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$155,741$155,741$242,550
Remaining term (yrs)27.827.830.0
Secondary amount$0$86,809$0
Funding fee$0$0$0
Note rate6.950%6.950%7.400%
Blended rate7.500%8.037%7.640%
1st payment$1,054.33$1,054.33$1,679.37
2nd payment$0.00$651.07$0.00
Taxes / mo$98.33$98.33$98.33
Insurance / mo$150.00$150.00$150.00
MI / mo$73.00$73.00$48.51
HOA / mo$0.00$0.00$0.00
Total monthly$1,375.67$2,026.73$1,976.21
Cash to close$113,759$26,950$26,950