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$167,705$167,705$225,000
Remaining term (yrs)21.921.930.0
Secondary amount$0$57,295$0
Funding fee$0$0$0
Note rate4.520%4.520%7.400%
Blended rate5.370%6.294%7.640%
1st payment$1,001.48$1,001.48$1,557.85
2nd payment$0.00$429.71$0.00
Taxes / mo$174.17$174.17$174.17
Insurance / mo$150.00$150.00$150.00
MI / mo$139.68$139.68$45.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,465.33$1,895.04$1,927.02
Cash to close$82,295$25,000$25,000