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$194,997$194,997$260,910
Remaining term (yrs)25.825.830.0
Secondary amount$0$65,913$0
Funding fee$0$0$0
Note rate5.300%5.300%7.400%
Blended rate6.150%6.870%7.640%
1st payment$1,154.42$1,154.42$1,806.49
2nd payment$0.00$494.35$0.00
Taxes / mo$263.25$263.25$263.25
Insurance / mo$150.00$150.00$150.00
MI / mo$147.25$147.25$52.18
HOA / mo$5.42$5.42$5.42
Total monthly$1,720.34$2,214.69$2,277.34
Cash to close$94,903$28,990$28,990