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$198,528$198,528$339,300
Remaining term (yrs)22.922.930.0
Secondary amount$0$140,772$0
Funding fee$0$0$0
Note rate3.750%3.750%7.320%
Blended rate4.600%6.011%7.560%
1st payment$1,072.16$1,072.16$2,330.76
2nd payment$0.00$938.48$0.00
Taxes / mo$719.25$719.25$719.25
Insurance / mo$150.00$150.00$150.00
MI / mo$163.99$163.99$67.86
HOA / mo$7.00$7.00$7.00
Total monthly$2,112.40$3,050.88$3,274.87
Cash to close$178,472$37,700$37,700