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$185,382$185,382$336,600
Remaining term (yrs)22.722.730.0
Secondary amount$0$151,218$0
Funding fee$0$0$0
Note rate4.070%4.070%7.400%
Blended rate4.920%6.304%7.640%
1st payment$1,040.03$1,040.03$2,330.55
2nd payment$0.00$1,008.12$0.00
Taxes / mo$311.67$311.67$311.67
Insurance / mo$150.00$150.00$150.00
MI / mo$153.01$153.01$67.32
HOA / mo$0.00$0.00$0.00
Total monthly$1,654.70$2,662.82$2,859.54
Cash to close$188,618$37,400$37,400