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$186,734$186,734$310,499
Remaining term (yrs)22.222.230.0
Secondary amount$0$123,765$0
Funding fee$0$0$0
Note rate4.940%4.940%7.320%
Blended rate5.790%6.671%7.560%
1st payment$1,151.71$1,151.71$2,132.91
2nd payment$0.00$825.10$0.00
Taxes / mo$302.42$302.42$302.42
Insurance / mo$150.00$150.00$150.00
MI / mo$153.01$153.01$62.10
HOA / mo$115.00$115.00$115.00
Total monthly$1,872.13$2,697.24$2,762.43
Cash to close$158,265$34,500$34,500