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$174,052$174,052$431,910
Remaining term (yrs)14.114.130.0
Secondary amount$0$257,858$0
Funding fee$0$0$0
Note rate5.440%5.440%7.400%
Blended rate5.990%7.041%7.640%
1st payment$1,465.03$1,465.03$2,990.46
2nd payment$0.00$1,665.33$0.00
Taxes / mo$156.25$156.25$156.25
Insurance / mo$166.67$166.67$166.67
MI / mo$82.50$82.50$86.38
HOA / mo$25.33$25.33$25.33
Total monthly$1,895.77$3,561.11$3,425.09
Cash to close$305,848$47,990$47,990