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$190,468$190,468$243,000
Remaining term (yrs)28.928.930.0
Secondary amount$0$52,532$0
Funding fee$0$0$0
Note rate4.990%4.990%7.320%
Blended rate5.540%6.288%7.560%
1st payment$1,036.63$1,036.63$1,669.24
2nd payment$0.00$393.99$0.00
Taxes / mo$151.85$151.85$151.85
Insurance / mo$150.00$150.00$150.00
MI / mo$88.61$88.61$48.60
HOA / mo$0.00$0.00$0.00
Total monthly$1,427.09$1,821.08$2,019.69
Cash to close$79,532$27,000$27,000