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$151,881$151,881$242,910
Remaining term (yrs)27.627.630.0
Secondary amount$0$91,029$0
Funding fee$0$0$0
Note rate5.620%5.620%7.400%
Blended rate6.170%7.231%7.640%
1st payment$901.53$901.53$1,681.86
2nd payment$0.00$682.72$0.00
Taxes / mo$149.25$149.25$149.25
Insurance / mo$150.00$150.00$150.00
MI / mo$71.82$71.82$48.58
HOA / mo$9.25$9.25$9.25
Total monthly$1,281.85$1,964.57$2,038.94
Cash to close$118,019$26,990$26,990