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$179,696$179,696$270,000
Remaining term (yrs)25.925.930.0
Secondary amount$0$90,304$0
Funding fee$0$0$0
Note rate5.300%5.300%7.320%
Blended rate6.150%7.103%7.560%
1st payment$1,062.24$1,062.24$1,854.71
2nd payment$0.00$677.28$0.00
Taxes / mo$334.42$334.42$334.42
Insurance / mo$150.00$150.00$150.00
MI / mo$135.50$135.50$54.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,682.16$2,359.44$2,393.13
Cash to close$120,304$30,000$30,000