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$155,544$155,544$206,100
Remaining term (yrs)26.926.930.0
Secondary amount$0$50,556$0
Funding fee$0$0$0
Note rate6.780%6.780%7.400%
Blended rate7.330%7.740%7.640%
1st payment$1,047.64$1,047.64$1,426.99
2nd payment$0.00$379.17$0.00
Taxes / mo$60.25$60.25$60.25
Insurance / mo$150.00$150.00$150.00
MI / mo$73.80$73.80$41.22
HOA / mo$0.00$0.00$0.00
Total monthly$1,331.70$1,710.87$1,678.46
Cash to close$73,456$22,900$22,900