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$181,553$181,553$210,600
Remaining term (yrs)28.428.430.0
Secondary amount$0$29,047$0
Funding fee$0$0$0
Note rate6.670%6.670%7.400%
Blended rate7.220%7.466%7.640%
1st payment$1,187.51$1,187.51$1,458.15
2nd payment$0.00$217.86$0.00
Taxes / mo$77.92$77.92$77.92
Insurance / mo$150.00$150.00$150.00
MI / mo$84.61$84.61$42.12
HOA / mo$0.00$0.00$0.00
Total monthly$1,500.04$1,717.89$1,728.19
Cash to close$52,447$23,400$23,400