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$175,462$175,462$277,110
Remaining term (yrs)21.821.830.0
Secondary amount$0$101,648$0
Funding fee$0$0$0
Note rate5.120%5.120%7.320%
Blended rate5.970%6.715%7.560%
1st payment$1,111.33$1,111.33$1,903.55
2nd payment$0.00$677.66$0.00
Taxes / mo$341.83$341.83$341.83
Insurance / mo$150.00$150.00$150.00
MI / mo$144.66$144.66$55.42
HOA / mo$35.00$35.00$35.00
Total monthly$1,782.82$2,460.48$2,485.81
Cash to close$132,438$30,790$30,790