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$59,381$59,381$198,000
Remaining term (yrs)16.216.230.0
Secondary amount$0$138,619$0
Funding fee$0$0$0
Note rate3.350%3.350%7.400%
Blended rate4.200%6.860%7.640%
1st payment$393.78$393.78$1,370.91
2nd payment$0.00$924.13$0.00
Taxes / mo$162.08$162.08$162.08
Insurance / mo$150.00$150.00$150.00
MI / mo$63.29$63.29$39.60
HOA / mo$385.00$385.00$385.00
Total monthly$1,154.16$2,078.28$2,107.60
Cash to close$160,619$22,000$22,000