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$187,255$187,255$292,491
Remaining term (yrs)22.622.630.0
Secondary amount$0$105,236$0
Funding fee$0$0$0
Note rate4.350%4.350%7.320%
Blended rate5.200%6.207%7.560%
1st payment$1,081.55$1,081.55$2,009.21
2nd payment$0.00$701.57$0.00
Taxes / mo$97.92$97.92$97.92
Insurance / mo$150.00$150.00$150.00
MI / mo$153.89$153.89$58.50
HOA / mo$112.00$112.00$112.00
Total monthly$1,595.36$2,296.93$2,427.63
Cash to close$137,735$32,499$32,499