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$192,804$192,804$376,200
Remaining term (yrs)22.522.530.0
Secondary amount$0$183,396$0
Funding fee$0$0$0
Note rate4.410%4.410%7.400%
Blended rate5.260%6.596%7.640%
1st payment$1,122.38$1,122.38$2,604.73
2nd payment$0.00$1,222.64$0.00
Taxes / mo$376.42$376.42$376.42
Insurance / mo$150.00$150.00$150.00
MI / mo$158.57$158.57$75.24
HOA / mo$0.00$0.00$0.00
Total monthly$1,807.37$3,030.01$3,206.39
Cash to close$225,196$41,800$41,800