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$191,651$191,651$259,200
Remaining term (yrs)25.925.930.0
Secondary amount$0$67,549$0
Funding fee$0$0$0
Note rate5.540%5.540%7.320%
Blended rate6.390%7.070%7.560%
1st payment$1,160.56$1,160.56$1,780.52
2nd payment$0.00$506.61$0.00
Taxes / mo$41.08$41.08$41.08
Insurance / mo$150.00$150.00$150.00
MI / mo$144.15$144.15$51.84
HOA / mo$85.00$85.00$85.00
Total monthly$1,580.79$2,087.41$2,108.45
Cash to close$96,349$28,800$28,800