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$172,875$172,875$234,000
Remaining term (yrs)22.722.730.0
Secondary amount$0$61,125$0
Funding fee$0$0$0
Note rate7.020%7.020%7.400%
Blended rate7.570%7.944%7.640%
1st payment$1,267.72$1,267.72$1,620.17
2nd payment$0.00$458.43$0.00
Taxes / mo$101.25$101.25$101.25
Insurance / mo$150.00$150.00$150.00
MI / mo$82.06$82.06$46.80
HOA / mo$0.00$0.00$0.00
Total monthly$1,601.04$2,059.47$1,918.22
Cash to close$87,125$26,000$26,000