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$73,931$73,931$198,000
Remaining term (yrs)17.917.930.0
Secondary amount$0$124,069$0
Funding fee$0$0$0
Note rate4.130%4.130%7.400%
Blended rate4.980%6.872%7.640%
1st payment$485.68$485.68$1,370.91
2nd payment$0.00$827.13$0.00
Taxes / mo$425.01$425.01$425.01
Insurance / mo$150.00$150.00$150.00
MI / mo$70.94$70.94$39.60
HOA / mo$0.00$0.00$0.00
Total monthly$1,131.63$1,958.76$1,985.52
Cash to close$146,069$22,000$22,000