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$188,033$188,033$309,150
Remaining term (yrs)21.821.830.0
Secondary amount$0$121,117$0
Funding fee$0$0$0
Note rate4.550%4.550%7.320%
Blended rate5.400%6.419%7.560%
1st payment$1,130.97$1,130.97$2,123.65
2nd payment$0.00$807.45$0.00
Taxes / mo$81.75$81.75$81.75
Insurance / mo$150.00$150.00$150.00
MI / mo$157.18$157.18$61.83
HOA / mo$0.00$0.00$0.00
Total monthly$1,519.90$2,327.35$2,417.23
Cash to close$155,467$34,350$34,350