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$66,374$66,374$198,000
Remaining term (yrs)6.46.430.0
Secondary amount$0$131,626$0
Funding fee$0$0$0
Note rate3.260%3.260%7.400%
Blended rate4.110%6.696%7.640%
1st payment$934.70$934.70$1,370.91
2nd payment$0.00$877.51$0.00
Taxes / mo$190.83$190.83$190.83
Insurance / mo$150.00$150.00$150.00
MI / mo$151.94$151.94$39.60
HOA / mo$0.00$0.00$0.00
Total monthly$1,427.47$2,304.97$1,751.35
Cash to close$153,626$22,000$22,000