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$191,945$191,945$222,300
Remaining term (yrs)25.925.930.0
Secondary amount$0$30,355$0
Funding fee$0$0$0
Note rate5.550%5.550%7.320%
Blended rate6.400%6.755%7.560%
1st payment$1,161.84$1,161.84$1,527.05
2nd payment$0.00$227.66$0.00
Taxes / mo$226.75$226.75$226.75
Insurance / mo$150.00$150.00$150.00
MI / mo$144.15$144.15$44.46
HOA / mo$0.00$0.00$0.00
Total monthly$1,682.74$1,910.40$1,948.26
Cash to close$55,055$24,700$24,700