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$188,056$188,056$341,100
Remaining term (yrs)22.022.030.0
Secondary amount$0$153,044$0
Funding fee$0$0$0
Note rate4.650%4.650%7.400%
Blended rate5.500%6.622%7.640%
1st payment$1,134.10$1,134.10$2,361.71
2nd payment$0.00$1,020.29$0.00
Taxes / mo$441.00$441.00$441.00
Insurance / mo$150.00$150.00$150.00
MI / mo$155.79$155.79$68.22
HOA / mo$8.33$8.33$8.33
Total monthly$1,889.22$2,909.52$3,029.26
Cash to close$190,944$37,900$37,900