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$153,882$153,882$287,910
Remaining term (yrs)12.512.530.0
Secondary amount$0$134,028$0
Funding fee$0$0$0
Note rate5.000%5.000%7.320%
Blended rate5.850%6.851%7.560%
1st payment$1,368.63$1,368.63$1,977.74
2nd payment$0.00$893.52$0.00
Taxes / mo$402.58$402.58$402.58
Insurance / mo$150.00$150.00$150.00
MI / mo$180.59$180.59$57.58
HOA / mo$0.00$0.00$0.00
Total monthly$2,101.80$2,995.32$2,587.91
Cash to close$166,018$31,990$31,990