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$172,354$172,354$193,500
Remaining term (yrs)26.026.030.0
Secondary amount$0$31,896$0
Funding fee$0$0$0
Note rate6.020%6.020%7.320%
Blended rate6.870%7.652%7.560%
1st payment$1,091.41$1,091.41$1,329.21
2nd payment$0.00$315.63$0.00
Taxes / mo$37.75$37.75$37.75
Insurance / mo$150.00$150.00$150.00
MI / mo$128.67$128.67$38.70
HOA / mo$398.00$398.00$398.00
Total monthly$1,805.83$2,121.47$1,953.66
Cash to close$42,646$10,750$21,500