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$167,159$167,159$260,910
Remaining term (yrs)27.927.930.0
Secondary amount$0$93,751$0
Funding fee$0$0$0
Note rate6.490%6.490%7.400%
Blended rate7.040%7.744%7.640%
1st payment$1,079.33$1,079.33$1,806.49
2nd payment$0.00$703.13$0.00
Taxes / mo$66.17$66.17$66.17
Insurance / mo$150.00$150.00$150.00
MI / mo$78.35$78.35$52.18
HOA / mo$0.00$0.00$0.00
Total monthly$1,373.85$2,076.98$2,074.84
Cash to close$122,741$28,990$28,990