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$191,958$191,958$214,200
Remaining term (yrs)29.029.030.0
Secondary amount$0$34,142$0
Funding fee$0$0$0
Note rate4.990%4.990%7.400%
Blended rate5.540%6.497%7.640%
1st payment$1,042.08$1,042.08$1,483.08
2nd payment$0.00$337.86$0.00
Taxes / mo$98.67$98.67$98.67
Insurance / mo$150.00$150.00$150.00
MI / mo$89.07$89.07$42.84
HOA / mo$215.00$215.00$215.00
Total monthly$1,594.82$1,932.68$1,989.58
Cash to close$46,042$11,900$23,800