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$151,582$151,582$277,920
Remaining term (yrs)29.329.330.0
Secondary amount$0$126,338$0
Funding fee$0$0$0
Note rate6.180%6.180%7.320%
Blended rate6.730%7.307%7.560%
1st payment$932.80$932.80$1,909.12
2nd payment$0.00$842.26$0.00
Taxes / mo$276.18$276.18$276.18
Insurance / mo$150.00$150.00$150.00
MI / mo$69.95$69.95$55.58
HOA / mo$390.00$390.00$390.00
Total monthly$1,818.93$2,661.19$2,780.88
Cash to close$157,218$30,880$30,880