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$188,926$188,926$359,910
Remaining term (yrs)20.420.430.0
Secondary amount$0$170,984$0
Funding fee$0$0$0
Note rate4.150%4.150%7.320%
Blended rate5.000%6.425%7.560%
1st payment$1,141.70$1,141.70$2,472.33
2nd payment$0.00$1,139.90$0.00
Taxes / mo$377.00$377.00$377.00
Insurance / mo$150.00$150.00$150.00
MI / mo$166.36$166.36$71.98
HOA / mo$0.00$0.00$0.00
Total monthly$1,835.06$2,974.96$3,071.31
Cash to close$210,974$39,990$39,990