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$153,065$153,065$184,500
Remaining term (yrs)25.925.930.0
Secondary amount$0$31,435$0
Funding fee$0$0$0
Note rate5.130%5.130%7.320%
Blended rate5.980%6.495%7.560%
1st payment$887.98$887.98$1,267.39
2nd payment$0.00$235.77$0.00
Taxes / mo$118.42$118.42$118.42
Insurance / mo$150.00$150.00$150.00
MI / mo$115.45$115.45$36.90
HOA / mo$0.00$0.00$0.00
Total monthly$1,271.85$1,507.61$1,572.70
Cash to close$51,935$20,500$20,500