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$186,482$186,482$247,410
Remaining term (yrs)25.825.830.0
Secondary amount$0$60,928$0
Funding fee$0$0$0
Note rate5.300%5.300%7.320%
Blended rate6.150%6.852%7.560%
1st payment$1,102.36$1,102.36$1,699.54
2nd payment$0.00$456.96$0.00
Taxes / mo$110.08$110.08$110.08
Insurance / mo$150.00$150.00$150.00
MI / mo$140.61$140.61$49.48
HOA / mo$0.00$0.00$0.00
Total monthly$1,503.05$1,960.02$2,009.10
Cash to close$88,418$27,490$27,490