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$175,713$175,713$220,500
Remaining term (yrs)25.925.930.0
Secondary amount$0$44,787$0
Funding fee$0$0$0
Note rate5.410%5.410%7.320%
Blended rate6.260%6.817%7.560%
1st payment$1,048.75$1,048.75$1,514.68
2nd payment$0.00$335.90$0.00
Taxes / mo$194.83$194.83$194.83
Insurance / mo$150.00$150.00$150.00
MI / mo$132.15$132.15$44.10
HOA / mo$0.00$0.00$0.00
Total monthly$1,525.72$1,861.63$1,903.62
Cash to close$69,287$24,500$24,500