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$199,835$199,835$305,100
Remaining term (yrs)25.725.730.0
Secondary amount$0$105,265$0
Funding fee$0$0$0
Note rate5.100%5.100%7.400%
Blended rate5.950%6.657%7.640%
1st payment$1,161.12$1,161.12$2,112.45
2nd payment$0.00$701.77$0.00
Taxes / mo$281.92$281.92$281.92
Insurance / mo$150.00$150.00$150.00
MI / mo$151.48$151.48$61.02
HOA / mo$0.00$0.00$0.00
Total monthly$1,744.52$2,446.28$2,605.39
Cash to close$139,165$33,900$33,900