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$160,087$160,087$175,500
Remaining term (yrs)25.625.630.0
Secondary amount$0$25,163$0
Funding fee$0$0$0
Note rate4.980%4.980%7.400%
Blended rate5.830%6.651%7.640%
1st payment$920.32$920.32$1,215.13
2nd payment$0.00$249.01$0.00
Taxes / mo$267.38$267.38$267.38
Insurance / mo$150.00$150.00$150.00
MI / mo$121.71$121.71$35.10
HOA / mo$0.00$0.00$0.00
Total monthly$1,459.41$1,708.42$1,667.60
Cash to close$34,913$9,750$19,500