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$175,816$175,816$215,910
Remaining term (yrs)25.925.930.0
Secondary amount$0$40,094$0
Funding fee$0$0$0
Note rate5.130%5.130%7.400%
Blended rate5.980%6.541%7.640%
1st payment$1,019.96$1,019.96$1,494.92
2nd payment$0.00$300.71$0.00
Taxes / mo$211.83$211.83$211.83
Insurance / mo$150.00$150.00$150.00
MI / mo$132.61$132.61$43.18
HOA / mo$0.00$0.00$0.00
Total monthly$1,514.41$1,815.12$1,899.93
Cash to close$64,084$23,990$23,990