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$201,045$201,045$220,500
Remaining term (yrs)24.924.930.0
Secondary amount$0$31,705$0
Funding fee$0$0$0
Note rate5.130%5.130%7.400%
Blended rate5.980%6.783%7.640%
1st payment$1,188.62$1,188.62$1,526.70
2nd payment$0.00$313.75$0.00
Taxes / mo$137.75$137.75$137.75
Insurance / mo$150.00$150.00$150.00
MI / mo$152.32$152.32$44.10
HOA / mo$0.00$0.00$0.00
Total monthly$1,628.68$1,942.43$1,858.55
Cash to close$43,955$12,250$24,500