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$187,170$187,170$211,500
Remaining term (yrs)27.827.830.0
Secondary amount$0$36,080$0
Funding fee$0$0$0
Note rate6.890%6.890%7.320%
Blended rate7.440%8.157%7.560%
1st payment$1,259.73$1,259.73$1,452.86
2nd payment$0.00$357.05$0.00
Taxes / mo$126.25$126.25$126.25
Insurance / mo$150.00$150.00$150.00
MI / mo$87.76$87.76$42.30
HOA / mo$0.00$0.00$0.00
Total monthly$1,623.73$1,980.78$1,771.41
Cash to close$47,830$11,750$23,500