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$153,304$153,304$170,999
Remaining term (yrs)29.129.130.0
Secondary amount$0$27,195$0
Funding fee$0$0$0
Note rate6.220%6.220%7.400%
Blended rate6.770%7.539%7.640%
1st payment$949.25$949.25$1,183.96
2nd payment$0.00$269.12$0.00
Taxes / mo$158.33$158.33$158.33
Insurance / mo$150.00$150.00$150.00
MI / mo$70.89$70.89$34.20
HOA / mo$184.00$184.00$184.00
Total monthly$1,512.47$1,781.59$1,710.50
Cash to close$36,695$9,500$19,000