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$190,970$190,970$247,500
Remaining term (yrs)22.722.730.0
Secondary amount$0$56,530$0
Funding fee$0$0$0
Note rate4.070%4.070%7.400%
Blended rate4.920%5.852%7.640%
1st payment$1,071.38$1,071.38$1,713.64
2nd payment$0.00$423.97$0.00
Taxes / mo$370.83$370.83$370.83
Insurance / mo$150.00$150.00$150.00
MI / mo$157.62$157.62$49.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,749.83$2,173.81$2,283.97
Cash to close$84,030$27,500$27,500