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$194,895$194,895$225,000
Remaining term (yrs)25.625.630.0
Secondary amount$0$30,105$0
Funding fee$0$0$0
Note rate5.000%5.000%7.400%
Blended rate5.850%6.271%7.640%
1st payment$1,122.72$1,122.72$1,557.85
2nd payment$0.00$225.78$0.00
Taxes / mo$116.08$116.08$116.08
Insurance / mo$150.00$150.00$150.00
MI / mo$148.14$148.14$45.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,536.95$1,762.73$1,868.94
Cash to close$55,105$25,000$25,000