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$175,889$175,889$210,600
Remaining term (yrs)25.625.630.0
Secondary amount$0$34,711$0
Funding fee$0$0$0
Note rate5.100%5.100%7.320%
Blended rate5.950%6.453%7.560%
1st payment$1,023.58$1,023.58$1,446.68
2nd payment$0.00$260.34$0.00
Taxes / mo$356.92$356.92$356.92
Insurance / mo$150.00$150.00$150.00
MI / mo$133.54$133.54$42.12
HOA / mo$0.00$0.00$0.00
Total monthly$1,664.03$1,924.37$1,995.71
Cash to close$58,111$23,400$23,400