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$167,209$167,209$193,500
Remaining term (yrs)25.825.830.0
Secondary amount$0$26,291$0
Funding fee$0$0$0
Note rate5.510%5.510%7.400%
Blended rate6.360%6.719%7.640%
1st payment$1,010.98$1,010.98$1,339.75
2nd payment$0.00$197.18$0.00
Taxes / mo$203.83$203.83$203.83
Insurance / mo$150.00$150.00$150.00
MI / mo$125.98$125.98$38.70
HOA / mo$0.00$0.00$0.00
Total monthly$1,490.80$1,687.98$1,732.29
Cash to close$47,791$21,500$21,500