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$171,449$171,449$191,700
Remaining term (yrs)27.327.330.0
Secondary amount$0$30,901$0
Funding fee$0$0$0
Note rate6.690%6.690%7.400%
Blended rate7.240%7.948%7.640%
1st payment$1,138.65$1,138.65$1,327.29
2nd payment$0.00$305.79$0.00
Taxes / mo$108.25$108.25$108.25
Insurance / mo$150.00$150.00$150.00
MI / mo$80.96$80.96$38.34
HOA / mo$0.00$0.00$0.00
Total monthly$1,477.86$1,783.65$1,623.88
Cash to close$41,551$10,650$21,300