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$0$0$188,910
Remaining term (yrs)0.00.030.0
Secondary amount$0$188,910$0
Funding fee$0$0$0
Note rate5.000%5.000%7.400%
Blended rate5.850%8.000%7.640%
1st payment$583.57$583.57$1,307.97
2nd payment$0.00$1,259.40$0.00
Taxes / mo$118.67$118.67$118.67
Insurance / mo$150.00$150.00$150.00
MI / mo$52.27$52.27$37.78
HOA / mo$415.00$415.00$415.00
Total monthly$1,319.50$2,578.90$2,029.42
Cash to close$209,900$20,990$20,990