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$196,108$196,108$332,100
Remaining term (yrs)23.523.530.0
Secondary amount$0$135,992$0
Funding fee$0$0$0
Note rate3.450%3.450%7.400%
Blended rate4.300%5.815%7.640%
1st payment$1,011.31$1,011.31$2,299.39
2nd payment$0.00$906.62$0.00
Taxes / mo$270.17$270.17$270.17
Insurance / mo$150.00$150.00$150.00
MI / mo$160.52$160.52$66.42
HOA / mo$0.00$0.00$0.00
Total monthly$1,591.99$2,498.61$2,785.98
Cash to close$172,892$36,900$36,900