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$199,175$199,175$297,000
Remaining term (yrs)22.622.630.0
Secondary amount$0$97,825$0
Funding fee$0$0$0
Note rate4.200%4.200%7.320%
Blended rate5.050%6.351%7.560%
1st payment$1,134.00$1,134.00$2,040.18
2nd payment$0.00$733.69$0.00
Taxes / mo$95.83$95.83$95.83
Insurance / mo$150.00$150.00$150.00
MI / mo$164.26$164.26$59.40
HOA / mo$65.00$65.00$65.00
Total monthly$1,609.09$2,342.78$2,410.42
Cash to close$130,825$33,000$33,000