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$175,154$175,154$386,991
Remaining term (yrs)21.721.730.0
Secondary amount$0$211,837$0
Funding fee$0$0$0
Note rate5.550%5.550%7.320%
Blended rate6.400%7.139%7.560%
1st payment$1,154.81$1,154.81$2,658.36
2nd payment$0.00$1,368.11$0.00
Taxes / mo$434.33$434.33$434.33
Insurance / mo$150.00$150.00$150.00
MI / mo$143.27$143.27$77.40
HOA / mo$0.00$0.00$0.00
Total monthly$1,882.42$3,250.53$3,320.09
Cash to close$254,836$42,999$42,999