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$173,581$173,581$209,250
Remaining term (yrs)26.426.430.0
Secondary amount$0$35,669$0
Funding fee$0$0$0
Note rate6.250%6.250%7.400%
Blended rate6.800%7.175%7.640%
1st payment$1,118.44$1,118.44$1,448.80
2nd payment$0.00$267.52$0.00
Taxes / mo$55.08$55.08$55.08
Insurance / mo$150.00$150.00$150.00
MI / mo$83.26$83.26$41.85
HOA / mo$0.00$0.00$0.00
Total monthly$1,406.78$1,674.30$1,695.74
Cash to close$58,919$23,250$23,250