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$195,264$195,264$396,000
Remaining term (yrs)18.118.130.0
Secondary amount$0$200,736$0
Funding fee$0$0$0
Note rate4.190%4.190%7.320%
Blended rate5.040%6.414%7.560%
1st payment$1,277.02$1,277.02$2,720.25
2nd payment$0.00$1,296.42$0.00
Taxes / mo$475.25$475.25$475.25
Insurance / mo$150.00$150.00$150.00
MI / mo$185.20$185.20$79.20
HOA / mo$22.33$22.33$22.33
Total monthly$2,109.80$3,406.22$3,447.03
Cash to close$244,736$44,000$44,000