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$197,325$197,325$334,800
Remaining term (yrs)22.922.930.0
Secondary amount$0$137,475$0
Funding fee$0$0$0
Note rate3.730%3.730%7.400%
Blended rate4.580%5.984%7.640%
1st payment$1,065.99$1,065.99$2,318.09
2nd payment$0.00$916.50$0.00
Taxes / mo$310.00$310.00$310.00
Insurance / mo$150.00$150.00$150.00
MI / mo$163.44$163.44$66.96
HOA / mo$0.00$0.00$0.00
Total monthly$1,689.43$2,605.93$2,845.05
Cash to close$174,675$37,200$37,200