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$182,383$182,383$292,500
Remaining term (yrs)22.122.130.0
Secondary amount$0$110,117$0
Funding fee$0$0$0
Note rate4.830%4.830%7.400%
Blended rate5.680%6.553%7.640%
1st payment$1,115.89$1,115.89$2,025.21
2nd payment$0.00$734.12$0.00
Taxes / mo$240.48$240.48$240.48
Insurance / mo$150.00$150.00$150.00
MI / mo$150.13$150.13$58.50
HOA / mo$85.00$85.00$85.00
Total monthly$1,741.49$2,475.61$2,559.19
Cash to close$142,617$32,500$32,500