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$162,480$162,480$207,000
Remaining term (yrs)26.026.030.0
Secondary amount$0$44,520$0
Funding fee$0$0$0
Note rate5.660%5.660%7.320%
Blended rate6.510%7.046%7.560%
1st payment$992.95$992.95$1,421.95
2nd payment$0.00$333.90$0.00
Taxes / mo$220.50$220.50$220.50
Insurance / mo$150.00$150.00$150.00
MI / mo$121.71$121.71$41.40
HOA / mo$0.00$0.00$0.00
Total monthly$1,485.16$1,819.06$1,833.85
Cash to close$67,520$23,000$23,000