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$198,771$198,771$337,500
Remaining term (yrs)23.523.530.0
Secondary amount$0$138,729$0
Funding fee$0$0$0
Note rate3.650%3.650%7.320%
Blended rate4.500%5.939%7.560%
1st payment$1,046.19$1,046.19$2,318.39
2nd payment$0.00$924.86$0.00
Taxes / mo$60.08$60.08$60.08
Insurance / mo$150.00$150.00$150.00
MI / mo$161.99$161.99$67.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,418.26$2,343.12$2,595.97
Cash to close$176,229$37,500$37,500