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$178,658$178,658$202,410
Remaining term (yrs)25.625.630.0
Secondary amount$0$34,997$0
Funding fee$0$0$0
Note rate5.110%5.110%7.320%
Blended rate5.960%6.929%7.560%
1st payment$1,040.75$1,040.75$1,390.42
2nd payment$0.00$346.32$0.00
Taxes / mo$197.83$197.83$197.83
Insurance / mo$150.00$150.00$150.00
MI / mo$135.62$135.62$40.48
HOA / mo$0.00$0.00$0.00
Total monthly$1,524.21$1,870.53$1,778.73
Cash to close$46,242$11,245$22,490