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$160,768$160,768$188,910
Remaining term (yrs)25.925.930.0
Secondary amount$0$28,142$0
Funding fee$0$0$0
Note rate5.410%5.410%7.320%
Blended rate6.260%6.668%7.560%
1st payment$960.95$960.95$1,297.68
2nd payment$0.00$211.07$0.00
Taxes / mo$270.38$270.38$270.38
Insurance / mo$150.00$150.00$150.00
MI / mo$121.08$121.08$37.78
HOA / mo$0.00$0.00$0.00
Total monthly$1,502.41$1,713.47$1,755.84
Cash to close$49,132$20,990$20,990