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$157,948$157,948$197,100
Remaining term (yrs)26.126.130.0
Secondary amount$0$39,152$0
Funding fee$0$0$0
Note rate6.940%6.940%7.400%
Blended rate7.790%8.030%7.640%
1st payment$1,090.82$1,090.82$1,364.68
2nd payment$0.00$293.64$0.00
Taxes / mo$128.83$128.83$128.83
Insurance / mo$150.00$150.00$150.00
MI / mo$116.84$116.84$39.42
HOA / mo$30.00$30.00$30.00
Total monthly$1,516.50$1,810.15$1,712.93
Cash to close$61,052$21,900$21,900