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$185,204$185,204$288,000
Remaining term (yrs)22.322.330.0
Secondary amount$0$102,796$0
Funding fee$0$0$0
Note rate4.460%4.460%7.320%
Blended rate5.310%6.270%7.560%
1st payment$1,087.90$1,087.90$1,978.36
2nd payment$0.00$685.31$0.00
Taxes / mo$389.38$389.38$389.38
Insurance / mo$150.00$150.00$150.00
MI / mo$152.80$152.80$57.60
HOA / mo$16.67$16.67$16.67
Total monthly$1,796.76$2,482.07$2,592.01
Cash to close$134,796$32,000$32,000