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$187,811$187,811$351,810
Remaining term (yrs)22.022.030.0
Secondary amount$0$163,999$0
Funding fee$0$0$0
Note rate4.900%4.900%7.400%
Blended rate5.750%6.799%7.640%
1st payment$1,158.90$1,158.90$2,435.86
2nd payment$0.00$1,093.32$0.00
Taxes / mo$522.42$522.42$522.42
Insurance / mo$150.00$150.00$150.00
MI / mo$154.67$154.67$70.36
HOA / mo$11.00$11.00$11.00
Total monthly$1,996.99$3,090.31$3,189.64
Cash to close$203,089$39,090$39,090