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$171,596$171,596$202,500
Remaining term (yrs)29.429.430.0
Secondary amount$0$30,904$0
Funding fee$0$0$0
Note rate5.980%5.980%7.320%
Blended rate6.530%6.907%7.560%
1st payment$1,031.80$1,031.80$1,391.03
2nd payment$0.00$231.78$0.00
Taxes / mo$122.67$122.67$122.67
Insurance / mo$150.00$150.00$150.00
MI / mo$79.05$79.05$40.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,383.52$1,615.30$1,704.20
Cash to close$53,404$22,500$22,500