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$206,676$206,676$360,000
Remaining term (yrs)22.722.730.0
Secondary amount$0$153,324$0
Funding fee$0$0$0
Note rate4.140%4.140%7.400%
Blended rate4.990%6.272%7.640%
1st payment$1,167.36$1,167.36$2,492.57
2nd payment$0.00$1,022.16$0.00
Taxes / mo$183.00$183.00$183.00
Insurance / mo$150.00$150.00$150.00
MI / mo$170.31$170.31$72.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,670.67$2,692.83$2,897.57
Cash to close$193,324$40,000$40,000