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$0$0$184,410
Remaining term (yrs)0.00.030.0
Secondary amount$0$184,410$0
Funding fee$0$0$0
Note rate5.500%5.500%7.320%
Blended rate6.350%8.000%7.560%
1st payment$644.32$644.32$1,266.77
2nd payment$0.00$1,229.40$0.00
Taxes / mo$67.33$67.33$67.33
Insurance / mo$150.00$150.00$150.00
MI / mo$55.86$55.86$36.88
HOA / mo$350.00$350.00$350.00
Total monthly$1,267.51$2,496.91$1,870.98
Cash to close$204,900$20,490$20,490