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$181,345$181,345$422,910
Remaining term (yrs)28.228.230.0
Secondary amount$0$241,565$0
Funding fee$0$0$0
Note rate6.790%6.790%7.400%
Blended rate7.340%7.574%7.640%
1st payment$1,202.72$1,202.72$2,928.14
2nd payment$0.00$1,560.11$0.00
Taxes / mo$112.92$112.92$112.92
Insurance / mo$166.67$166.67$166.67
MI / mo$84.64$84.64$84.58
HOA / mo$0.00$0.00$0.00
Total monthly$1,566.95$3,127.05$3,292.31
Cash to close$288,555$46,990$46,990