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$225,503$225,503$278,910
Remaining term (yrs)25.925.930.0
Secondary amount$0$53,407$0
Funding fee$0$0$0
Note rate5.130%5.130%7.240%
Blended rate5.980%6.558%7.480%
1st payment$1,308.22$1,308.22$1,900.77
2nd payment$0.00$400.55$0.00
Taxes / mo$96.92$96.92$96.92
Insurance / mo$150.00$150.00$150.00
MI / mo$170.09$170.09$55.78
HOA / mo$0.00$0.00$0.00
Total monthly$1,725.22$2,125.78$2,203.47
Cash to close$84,397$30,990$30,990