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$163,048$163,048$404,910
Remaining term (yrs)13.113.130.0
Secondary amount$0$241,862$0
Funding fee$0$0$0
Note rate5.030%5.030%7.320%
Blended rate5.880%6.997%7.560%
1st payment$1,406.93$1,406.93$2,781.45
2nd payment$0.00$1,562.03$0.00
Taxes / mo$275.83$275.83$275.83
Insurance / mo$150.00$150.00$150.00
MI / mo$185.01$185.01$80.98
HOA / mo$0.00$0.00$0.00
Total monthly$2,017.77$3,579.80$3,288.27
Cash to close$286,852$44,990$44,990