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$185,134$185,134$315,000
Remaining term (yrs)21.521.530.0
Secondary amount$0$129,866$0
Funding fee$0$0$0
Note rate4.400%4.400%7.400%
Blended rate5.250%6.384%7.640%
1st payment$1,105.81$1,105.81$2,181.00
2nd payment$0.00$865.77$0.00
Taxes / mo$547.33$547.33$547.33
Insurance / mo$150.00$150.00$150.00
MI / mo$156.42$156.42$63.00
HOA / mo$11.67$11.67$11.67
Total monthly$1,971.23$2,837.00$2,953.00
Cash to close$164,866$35,000$35,000