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$181,910$181,910$359,910
Remaining term (yrs)18.918.930.0
Secondary amount$0$178,000$0
Funding fee$0$0$0
Note rate4.040%4.040%7.400%
Blended rate4.890%6.428%7.640%
1st payment$1,144.14$1,144.14$2,491.94
2nd payment$0.00$1,186.67$0.00
Taxes / mo$282.67$282.67$282.67
Insurance / mo$150.00$150.00$150.00
MI / mo$168.94$168.94$71.98
HOA / mo$28.33$28.33$28.33
Total monthly$1,774.07$2,960.74$3,024.92
Cash to close$217,990$39,990$39,990