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$175,228$175,228$305,910
Remaining term (yrs)28.328.330.0
Secondary amount$0$130,682$0
Funding fee$0$0$0
Note rate6.620%6.620%7.320%
Blended rate7.170%7.525%7.560%
1st payment$1,141.56$1,141.56$2,101.39
2nd payment$0.00$871.21$0.00
Taxes / mo$68.33$68.33$68.33
Insurance / mo$150.00$150.00$150.00
MI / mo$82.59$82.59$61.18
HOA / mo$0.00$0.00$0.00
Total monthly$1,442.49$2,313.70$2,380.90
Cash to close$164,672$33,990$33,990