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$193,723$193,723$269,910
Remaining term (yrs)22.722.730.0
Secondary amount$0$76,187$0
Funding fee$0$0$0
Note rate4.070%4.070%7.320%
Blended rate4.920%6.072%7.560%
1st payment$1,086.82$1,086.82$1,854.09
2nd payment$0.00$571.40$0.00
Taxes / mo$322.42$322.42$322.42
Insurance / mo$150.00$150.00$150.00
MI / mo$159.90$159.90$53.98
HOA / mo$185.00$185.00$185.00
Total monthly$1,904.14$2,475.54$2,565.49
Cash to close$106,177$29,990$29,990