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$142,864$142,864$251,550
Remaining term (yrs)25.725.730.0
Secondary amount$0$108,686$0
Funding fee$0$0$0
Note rate5.250%5.250%7.320%
Blended rate6.100%6.921%7.560%
1st payment$842.80$842.80$1,727.97
2nd payment$0.00$724.57$0.00
Taxes / mo$492.42$492.42$492.42
Insurance / mo$150.00$150.00$150.00
MI / mo$108.11$108.11$50.31
HOA / mo$5.00$5.00$5.00
Total monthly$1,598.33$2,322.90$2,425.70
Cash to close$136,636$27,950$27,950