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$2,646$2,646$189,000
Remaining term (yrs)21.621.630.0
Secondary amount$0$186,354$0
Funding fee$0$0$0
Note rate4.160%4.160%7.400%
Blended rate5.010%7.958%7.640%
1st payment$15.42$15.42$1,308.60
2nd payment$0.00$1,242.36$0.00
Taxes / mo$40.17$40.17$40.17
Insurance / mo$150.00$150.00$150.00
MI / mo$2.08$2.08$37.80
HOA / mo$0.00$0.00$0.00
Total monthly$207.67$1,450.03$1,536.56
Cash to close$207,354$21,000$21,000