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$187,381$187,381$350,910
Remaining term (yrs)21.921.930.0
Secondary amount$0$163,529$0
Funding fee$0$0$0
Note rate4.500%4.500%7.320%
Blended rate5.350%6.585%7.560%
1st payment$1,119.39$1,119.39$2,410.51
2nd payment$0.00$1,090.19$0.00
Taxes / mo$337.25$337.25$337.25
Insurance / mo$150.00$150.00$150.00
MI / mo$156.49$156.49$70.18
HOA / mo$0.00$0.00$0.00
Total monthly$1,763.13$2,853.32$2,967.94
Cash to close$202,519$38,990$38,990