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$187,320$187,320$220,500
Remaining term (yrs)25.525.530.0
Secondary amount$0$33,180$0
Funding fee$0$0$0
Note rate4.170%4.170%7.320%
Blended rate5.020%5.619%7.560%
1st payment$991.59$991.59$1,514.68
2nd payment$0.00$248.85$0.00
Taxes / mo$249.83$249.83$249.83
Insurance / mo$150.00$150.00$150.00
MI / mo$144.15$144.15$44.10
HOA / mo$0.00$0.00$0.00
Total monthly$1,535.57$1,784.42$1,958.62
Cash to close$57,680$24,500$24,500