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$203,409$203,409$314,100
Remaining term (yrs)26.126.130.0
Secondary amount$0$110,691$0
Funding fee$0$0$0
Note rate5.100%5.100%7.400%
Blended rate5.950%6.672%7.640%
1st payment$1,172.85$1,172.85$2,174.76
2nd payment$0.00$737.94$0.00
Taxes / mo$290.83$290.83$290.83
Insurance / mo$150.00$150.00$150.00
MI / mo$153.01$153.01$62.82
HOA / mo$0.00$0.00$0.00
Total monthly$1,766.70$2,504.64$2,678.42
Cash to close$145,591$34,900$34,900