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$183,549$183,549$239,850
Remaining term (yrs)28.928.930.0
Secondary amount$0$56,301$0
Funding fee$0$0$0
Note rate6.580%6.580%7.320%
Blended rate7.130%7.569%7.560%
1st payment$1,182.85$1,182.85$1,647.60
2nd payment$0.00$422.26$0.00
Taxes / mo$46.08$46.08$46.08
Insurance / mo$150.00$150.00$150.00
MI / mo$85.06$85.06$47.97
HOA / mo$0.00$0.00$0.00
Total monthly$1,464.00$1,886.25$1,891.66
Cash to close$82,951$26,650$26,650