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$178,821$178,821$368,910
Remaining term (yrs)20.120.130.0
Secondary amount$0$190,089$0
Funding fee$0$0$0
Note rate5.000%5.000%7.400%
Blended rate5.850%6.958%7.640%
1st payment$1,171.66$1,171.66$2,554.26
2nd payment$0.00$1,267.26$0.00
Taxes / mo$216.58$216.58$216.58
Insurance / mo$150.00$150.00$150.00
MI / mo$154.60$154.60$73.78
HOA / mo$35.00$35.00$35.00
Total monthly$1,727.84$2,995.10$3,029.62
Cash to close$231,079$40,990$40,990