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$180,350$180,350$216,000
Remaining term (yrs)25.825.830.0
Secondary amount$0$35,650$0
Funding fee$0$0$0
Note rate5.300%5.300%7.400%
Blended rate6.150%6.620%7.640%
1st payment$1,067.71$1,067.71$1,495.54
2nd payment$0.00$267.37$0.00
Taxes / mo$178.84$178.84$178.84
Insurance / mo$150.00$150.00$150.00
MI / mo$136.19$136.19$43.20
HOA / mo$0.00$0.00$0.00
Total monthly$1,532.74$1,800.11$1,867.58
Cash to close$59,650$24,000$24,000