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$195,876$195,876$297,000
Remaining term (yrs)20.420.430.0
Secondary amount$0$101,124$0
Funding fee$0$0$0
Note rate4.150%4.150%7.400%
Blended rate5.000%6.021%7.640%
1st payment$1,183.70$1,183.70$2,056.37
2nd payment$0.00$674.16$0.00
Taxes / mo$502.92$502.92$502.92
Insurance / mo$150.00$150.00$150.00
MI / mo$172.48$172.48$59.40
HOA / mo$11.08$11.08$11.08
Total monthly$2,020.18$2,694.34$2,779.76
Cash to close$134,124$33,000$33,000