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$156,803$156,803$189,000
Remaining term (yrs)25.925.930.0
Secondary amount$0$32,197$0
Funding fee$0$0$0
Note rate5.300%5.300%7.400%
Blended rate6.150%6.636%7.640%
1st payment$926.91$926.91$1,308.60
2nd payment$0.00$241.48$0.00
Taxes / mo$131.75$131.75$131.75
Insurance / mo$150.00$150.00$150.00
MI / mo$118.24$118.24$37.80
HOA / mo$0.00$0.00$0.00
Total monthly$1,326.90$1,568.38$1,628.15
Cash to close$53,197$21,000$21,000