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$215,574$215,574$292,410
Remaining term (yrs)26.426.430.0
Secondary amount$0$76,836$0
Funding fee$0$0$0
Note rate5.420%5.420%7.400%
Blended rate5.970%6.766%7.640%
1st payment$1,276.96$1,276.96$2,024.59
2nd payment$0.00$576.27$0.00
Taxes / mo$298.08$298.08$298.08
Insurance / mo$150.00$150.00$150.00
MI / mo$104.00$104.00$58.48
HOA / mo$8.67$8.67$8.67
Total monthly$1,837.71$2,413.98$2,539.82
Cash to close$109,326$32,490$32,490