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$153,696$153,696$220,500
Remaining term (yrs)22.322.330.0
Secondary amount$0$66,804$0
Funding fee$0$0$0
Note rate5.120%5.120%7.400%
Blended rate5.970%6.888%7.640%
1st payment$961.72$961.72$1,526.70
2nd payment$0.00$501.03$0.00
Taxes / mo$424.25$424.25$424.25
Insurance / mo$150.00$150.00$150.00
MI / mo$125.18$125.18$44.10
HOA / mo$243.00$243.00$243.00
Total monthly$1,904.16$2,405.19$2,388.05
Cash to close$91,304$24,500$24,500