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$37,404$37,404$189,000
Remaining term (yrs)17.317.330.0
Secondary amount$0$151,596$0
Funding fee$0$0$0
Note rate4.480%4.480%7.400%
Blended rate5.330%7.472%7.640%
1st payment$258.10$258.10$1,308.60
2nd payment$0.00$1,010.64$0.00
Taxes / mo$55.83$55.83$55.83
Insurance / mo$150.00$150.00$150.00
MI / mo$36.17$36.17$37.80
HOA / mo$0.67$0.67$0.67
Total monthly$500.77$1,511.40$1,552.90
Cash to close$172,596$21,000$21,000