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$170,142$170,142$188,910
Remaining term (yrs)25.725.730.0
Secondary amount$0$29,263$0
Funding fee$0$0$0
Note rate5.270%5.270%7.320%
Blended rate6.120%6.965%7.560%
1st payment$1,005.74$1,005.74$1,297.68
2nd payment$0.00$289.59$0.00
Taxes / mo$181.67$181.67$181.67
Insurance / mo$150.00$150.00$150.00
MI / mo$128.72$128.72$37.78
HOA / mo$0.00$0.00$0.00
Total monthly$1,466.13$1,755.72$1,667.13
Cash to close$39,758$10,495$20,990