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$197,939$197,939$323,910
Remaining term (yrs)21.921.930.0
Secondary amount$0$125,971$0
Funding fee$0$0$0
Note rate4.530%4.530%7.400%
Blended rate5.380%6.399%7.640%
1st payment$1,185.74$1,185.74$2,242.69
2nd payment$0.00$839.81$0.00
Taxes / mo$156.17$156.17$156.17
Insurance / mo$150.00$150.00$150.00
MI / mo$165.18$165.18$64.78
HOA / mo$0.00$0.00$0.00
Total monthly$1,657.08$2,496.89$2,613.64
Cash to close$161,961$35,990$35,990