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$189,594$189,594$359,910
Remaining term (yrs)22.722.730.0
Secondary amount$0$170,316$0
Funding fee$0$0$0
Note rate4.070%4.070%7.400%
Blended rate4.920%6.378%7.640%
1st payment$1,063.66$1,063.66$2,491.94
2nd payment$0.00$1,135.44$0.00
Taxes / mo$256.83$256.83$256.83
Insurance / mo$150.00$150.00$150.00
MI / mo$156.49$156.49$71.98
HOA / mo$0.00$0.00$0.00
Total monthly$1,626.98$2,762.42$2,970.76
Cash to close$210,306$39,990$39,990