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$189,173$189,173$328,500
Remaining term (yrs)22.722.730.0
Secondary amount$0$139,327$0
Funding fee$0$0$0
Note rate4.070%4.070%7.400%
Blended rate4.920%6.226%7.640%
1st payment$1,061.30$1,061.30$2,274.47
2nd payment$0.00$928.85$0.00
Taxes / mo$179.42$179.42$179.42
Insurance / mo$150.00$150.00$150.00
MI / mo$156.14$156.14$65.70
HOA / mo$0.00$0.00$0.00
Total monthly$1,546.85$2,475.70$2,669.58
Cash to close$175,827$36,500$36,500