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$196,872$196,872$337,499
Remaining term (yrs)21.121.130.0
Secondary amount$0$140,627$0
Funding fee$0$0$0
Note rate3.900%3.900%7.320%
Blended rate4.750%6.104%7.560%
1st payment$1,136.84$1,136.84$2,318.38
2nd payment$0.00$937.52$0.00
Taxes / mo$275.17$275.17$275.17
Insurance / mo$150.00$150.00$150.00
MI / mo$170.73$170.73$67.50
HOA / mo$82.33$82.33$82.33
Total monthly$1,815.06$2,752.58$2,893.38
Cash to close$178,127$37,500$37,500