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$40,515$40,515$198,000
Remaining term (yrs)15.415.430.0
Secondary amount$0$157,485$0
Funding fee$0$0$0
Note rate3.890%3.890%7.320%
Blended rate4.740%7.333%7.560%
1st payment$289.26$289.26$1,360.12
2nd payment$0.00$1,049.90$0.00
Taxes / mo$67.67$67.67$67.67
Insurance / mo$150.00$150.00$150.00
MI / mo$43.49$43.49$39.60
HOA / mo$0.00$0.00$0.00
Total monthly$550.43$1,600.33$1,617.39
Cash to close$179,485$22,000$22,000