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$170,911$170,911$256,500
Remaining term (yrs)25.925.930.0
Secondary amount$0$85,589$0
Funding fee$0$0$0
Note rate5.410%5.410%7.400%
Blended rate6.260%7.174%7.640%
1st payment$1,021.58$1,021.58$1,775.95
2nd payment$0.00$641.92$0.00
Taxes / mo$62.72$62.72$62.72
Insurance / mo$150.00$150.00$150.00
MI / mo$128.72$128.72$51.30
HOA / mo$11.25$11.25$11.25
Total monthly$1,374.27$2,016.19$2,051.23
Cash to close$114,089$28,500$28,500