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$201,114$201,114$297,000
Remaining term (yrs)25.625.630.0
Secondary amount$0$95,886$0
Funding fee$0$0$0
Note rate5.000%5.000%7.400%
Blended rate5.850%6.867%7.640%
1st payment$1,158.54$1,158.54$2,056.37
2nd payment$0.00$719.15$0.00
Taxes / mo$228.75$228.75$228.75
Insurance / mo$150.00$150.00$150.00
MI / mo$152.87$152.87$59.40
HOA / mo$94.00$94.00$94.00
Total monthly$1,784.16$2,503.31$2,588.52
Cash to close$128,886$33,000$33,000