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$163,291$163,291$247,410
Remaining term (yrs)26.826.830.0
Secondary amount$0$84,119$0
Funding fee$0$0$0
Note rate6.710%6.710%7.320%
Blended rate7.260%7.852%7.560%
1st payment$1,093.66$1,093.66$1,699.54
2nd payment$0.00$630.89$0.00
Taxes / mo$97.58$97.58$97.58
Insurance / mo$150.00$150.00$150.00
MI / mo$77.60$77.60$49.48
HOA / mo$0.00$0.00$0.00
Total monthly$1,418.84$2,049.73$1,996.60
Cash to close$111,609$27,490$27,490