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$219,841$219,841$341,999
Remaining term (yrs)25.825.830.0
Secondary amount$0$122,159$0
Funding fee$0$0$0
Note rate5.300%5.300%7.320%
Blended rate6.150%6.811%7.560%
1st payment$1,299.55$1,299.55$2,349.30
2nd payment$0.00$814.39$0.00
Taxes / mo$110.17$110.17$110.17
Insurance / mo$150.00$150.00$150.00
MI / mo$165.77$165.77$68.40
HOA / mo$58.00$58.00$58.00
Total monthly$1,783.49$2,597.88$2,735.86
Cash to close$160,158$38,000$38,000