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
Current Market Conventional
New · Conventional
Loan amount$161,519$157,500
Remaining term (yrs)25.930.0
Secondary amount$0$0
Funding fee$0$0
Note rate5.220%7.320%
Blended rate6.070%7.560%
1st payment$945.66$1,081.92
2nd payment$0.00$0.00
Taxes / mo$287.00$287.00
Insurance / mo$150.00$150.00
MI / mo$121.71$31.50
HOA / mo$0.00$0.00
Total monthly$1,504.37$1,550.42
Cash to close$13,481$17,500