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$187,186$187,186$360,000
Remaining term (yrs)17.717.730.0
Secondary amount$0$172,814$0
Funding fee$0$0$0
Note rate4.120%4.120%7.400%
Blended rate4.970%6.425%7.640%
1st payment$1,236.47$1,236.47$2,492.57
2nd payment$0.00$1,152.09$0.00
Taxes / mo$365.16$365.16$365.16
Insurance / mo$150.00$150.00$150.00
MI / mo$180.82$180.82$72.00
HOA / mo$145.00$145.00$145.00
Total monthly$2,077.45$3,229.55$3,224.73
Cash to close$212,814$40,000$40,000