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$215,306$215,306$233,910
Remaining term (yrs)25.625.630.0
Secondary amount$0$31,599$0
Funding fee$0$0$0
Note rate5.110%5.110%7.400%
Blended rate5.960%6.717%7.640%
1st payment$1,254.24$1,254.24$1,619.55
2nd payment$0.00$312.70$0.00
Taxes / mo$58.58$58.58$58.58
Insurance / mo$150.00$150.00$150.00
MI / mo$163.44$163.44$46.78
HOA / mo$0.00$0.00$0.00
Total monthly$1,626.26$1,938.97$1,874.91
Cash to close$44,594$12,995$25,990