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$188,896$188,896$355,500
Remaining term (yrs)22.022.030.0
Secondary amount$0$166,604$0
Funding fee$0$0$0
Note rate4.650%4.650%7.400%
Blended rate5.500%6.672%7.640%
1st payment$1,139.17$1,139.17$2,461.41
2nd payment$0.00$1,110.70$0.00
Taxes / mo$329.17$329.17$329.17
Insurance / mo$150.00$150.00$150.00
MI / mo$156.49$156.49$71.10
HOA / mo$105.00$105.00$105.00
Total monthly$1,879.82$2,990.52$3,116.68
Cash to close$206,104$39,500$39,500