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$190,255$190,255$405,000
Remaining term (yrs)20.620.630.0
Secondary amount$0$214,745$0
Funding fee$0$0$0
Note rate4.020%4.020%7.320%
Blended rate4.870%6.397%7.560%
1st payment$1,127.76$1,127.76$2,782.07
2nd payment$0.00$1,386.89$0.00
Taxes / mo$130.00$130.00$130.00
Insurance / mo$150.00$150.00$150.00
MI / mo$166.92$166.92$81.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,574.68$2,961.58$3,143.07
Cash to close$259,745$45,000$45,000