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$190,812$190,812$341,100
Remaining term (yrs)25.625.630.0
Secondary amount$0$150,288$0
Funding fee$0$0$0
Note rate5.100%5.100%7.400%
Blended rate5.950%6.853%7.640%
1st payment$1,110.42$1,110.42$2,361.71
2nd payment$0.00$1,001.92$0.00
Taxes / mo$315.83$315.83$315.83
Insurance / mo$150.00$150.00$150.00
MI / mo$144.87$144.87$68.22
HOA / mo$0.00$0.00$0.00
Total monthly$1,721.12$2,723.05$2,895.76
Cash to close$188,188$37,900$37,900