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$157,658$157,658$243,000
Remaining term (yrs)21.621.630.0
Secondary amount$0$85,342$0
Funding fee$0$0$0
Note rate5.500%5.500%7.400%
Blended rate6.350%7.281%7.640%
1st payment$1,036.96$1,036.96$1,682.48
2nd payment$0.00$640.06$0.00
Taxes / mo$379.75$379.75$379.75
Insurance / mo$150.00$150.00$150.00
MI / mo$129.36$129.36$48.60
HOA / mo$53.00$53.00$53.00
Total monthly$1,749.07$2,389.13$2,313.83
Cash to close$112,342$27,000$27,000