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$198,319$198,319$360,000
Remaining term (yrs)14.314.330.0
Secondary amount$0$161,681$0
Funding fee$0$0$0
Note rate5.500%5.500%7.400%
Blended rate6.050%6.926%7.640%
1st payment$1,662.76$1,662.76$2,492.57
2nd payment$0.00$1,077.87$0.00
Taxes / mo$201.75$201.75$201.75
Insurance / mo$150.00$150.00$150.00
MI / mo$93.27$93.27$72.00
HOA / mo$80.00$80.00$80.00
Total monthly$2,187.79$3,265.66$2,996.32
Cash to close$201,681$40,000$40,000