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$183,586$183,586$292,500
Remaining term (yrs)25.625.630.0
Secondary amount$0$108,914$0
Funding fee$0$0$0
Note rate5.270%5.270%7.400%
Blended rate6.120%6.820%7.640%
1st payment$1,086.87$1,086.87$2,025.21
2nd payment$0.00$726.09$0.00
Taxes / mo$60.83$60.83$60.83
Insurance / mo$150.00$150.00$150.00
MI / mo$139.10$139.10$58.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,436.81$2,162.90$2,294.54
Cash to close$141,414$32,500$32,500