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$199,184$199,184$351,810
Remaining term (yrs)19.919.930.0
Secondary amount$0$152,626$0
Funding fee$0$0$0
Note rate3.500%3.500%7.320%
Blended rate4.350%5.933%7.560%
1st payment$1,155.19$1,155.19$2,416.69
2nd payment$0.00$1,017.51$0.00
Taxes / mo$370.33$370.33$370.33
Insurance / mo$150.00$150.00$150.00
MI / mo$182.22$182.22$70.36
HOA / mo$0.00$0.00$0.00
Total monthly$1,857.74$2,875.25$3,007.39
Cash to close$191,716$39,090$39,090