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$198,968$198,968$387,000
Remaining term (yrs)21.421.430.0
Secondary amount$0$188,032$0
Funding fee$0$0$0
Note rate4.150%4.150%7.320%
Blended rate5.000%6.458%7.560%
1st payment$1,166.99$1,166.99$2,658.42
2nd payment$0.00$1,253.55$0.00
Taxes / mo$358.33$358.33$358.33
Insurance / mo$150.00$150.00$150.00
MI / mo$170.05$170.05$77.40
HOA / mo$0.00$0.00$0.00
Total monthly$1,845.37$3,098.92$3,244.15
Cash to close$231,032$43,000$43,000