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$195,527$195,527$305,799
Remaining term (yrs)21.921.930.0
Secondary amount$0$110,273$0
Funding fee$0$0$0
Note rate4.600%4.600%7.400%
Blended rate5.450%6.370%7.640%
1st payment$1,178.85$1,178.85$2,117.29
2nd payment$0.00$735.15$0.00
Taxes / mo$283.15$283.15$283.15
Insurance / mo$150.00$150.00$150.00
MI / mo$162.88$162.88$61.16
HOA / mo$220.00$220.00$220.00
Total monthly$1,994.88$2,730.03$2,831.60
Cash to close$144,250$33,978$33,978