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$195,535$195,535$350,100
Remaining term (yrs)21.821.830.0
Secondary amount$0$154,565$0
Funding fee$0$0$0
Note rate4.570%4.570%7.320%
Blended rate5.420%6.559%7.560%
1st payment$1,178.25$1,178.25$2,404.94
2nd payment$0.00$1,030.43$0.00
Taxes / mo$314.36$314.36$314.36
Insurance / mo$150.00$150.00$150.00
MI / mo$163.37$163.37$70.02
HOA / mo$2.08$2.08$2.08
Total monthly$1,808.07$2,838.50$2,941.40
Cash to close$193,465$38,900$38,900