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$159,532$159,532$233,550
Remaining term (yrs)26.426.430.0
Secondary amount$0$74,018$0
Funding fee$0$0$0
Note rate6.270%6.270%7.400%
Blended rate6.820%7.511%7.640%
1st payment$1,029.93$1,029.93$1,617.05
2nd payment$0.00$555.14$0.00
Taxes / mo$216.25$216.25$216.25
Insurance / mo$150.00$150.00$150.00
MI / mo$76.51$76.51$46.71
HOA / mo$91.67$91.67$91.67
Total monthly$1,564.35$2,119.49$2,121.68
Cash to close$99,968$25,950$25,950