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$199,184$199,184$359,100
Remaining term (yrs)19.919.930.0
Secondary amount$0$159,916$0
Funding fee$0$0$0
Note rate3.500%3.500%7.320%
Blended rate4.350%5.975%7.560%
1st payment$1,155.19$1,155.19$2,466.77
2nd payment$0.00$1,066.11$0.00
Taxes / mo$370.33$370.33$370.33
Insurance / mo$150.00$150.00$150.00
MI / mo$182.22$182.22$71.82
HOA / mo$0.00$0.00$0.00
Total monthly$1,857.74$2,923.85$3,058.92
Cash to close$199,816$39,900$39,900