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$198,274$198,274$360,000
Remaining term (yrs)20.420.430.0
Secondary amount$0$161,726$0
Funding fee$0$0$0
Note rate4.150%4.150%7.320%
Blended rate5.000%6.348%7.560%
1st payment$1,198.19$1,198.19$2,472.95
2nd payment$0.00$1,078.17$0.00
Taxes / mo$249.50$249.50$249.50
Insurance / mo$150.00$150.00$150.00
MI / mo$174.60$174.60$72.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,772.29$2,850.46$2,944.45
Cash to close$201,726$40,000$40,000