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$203,535$203,535$251,100
Remaining term (yrs)25.825.830.0
Secondary amount$0$47,565$0
Funding fee$0$0$0
Note rate5.700%5.700%7.320%
Blended rate6.550%7.014%7.560%
1st payment$1,254.05$1,254.05$1,724.88
2nd payment$0.00$356.74$0.00
Taxes / mo$177.08$177.08$177.08
Insurance / mo$150.00$150.00$150.00
MI / mo$153.05$153.05$50.22
HOA / mo$0.00$0.00$0.00
Total monthly$1,734.18$2,090.92$2,102.19
Cash to close$75,465$27,900$27,900