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$175,251$175,251$215,910
Remaining term (yrs)25.925.930.0
Secondary amount$0$40,659$0
Funding fee$0$0$0
Note rate5.300%5.300%7.320%
Blended rate6.150%6.687%7.560%
1st payment$1,035.97$1,035.97$1,483.15
2nd payment$0.00$304.95$0.00
Taxes / mo$132.42$132.42$132.42
Insurance / mo$150.00$150.00$150.00
MI / mo$132.15$132.15$43.18
HOA / mo$0.00$0.00$0.00
Total monthly$1,450.53$1,755.47$1,808.75
Cash to close$64,649$23,990$23,990