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$189,855$189,855$306,000
Remaining term (yrs)20.420.430.0
Secondary amount$0$116,145$0
Funding fee$0$0$0
Note rate4.200%4.200%7.400%
Blended rate5.050%6.170%7.640%
1st payment$1,152.38$1,152.38$2,118.68
2nd payment$0.00$774.30$0.00
Taxes / mo$142.50$142.50$142.50
Insurance / mo$150.00$150.00$150.00
MI / mo$166.92$166.92$61.20
HOA / mo$536.00$536.00$536.00
Total monthly$2,147.80$2,922.10$3,008.38
Cash to close$150,145$34,000$34,000