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$19,924$19,924$197,910
Remaining term (yrs)6.56.530.0
Secondary amount$0$177,986$0
Funding fee$0$0$0
Note rate3.000%3.000%7.400%
Blended rate3.850%7.582%7.640%
1st payment$275.10$275.10$1,370.29
2nd payment$0.00$1,186.57$0.00
Taxes / mo$265.83$265.83$265.83
Insurance / mo$150.00$150.00$150.00
MI / mo$46.22$46.22$39.58
HOA / mo$0.00$0.00$0.00
Total monthly$737.15$1,923.72$1,825.70
Cash to close$199,976$21,990$21,990