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$197,655$197,655$292,500
Remaining term (yrs)24.824.830.0
Secondary amount$0$94,845$0
Funding fee$0$0$0
Note rate0.080%0.080%7.400%
Blended rate0.930%3.547%7.640%
1st payment$667.69$667.69$2,025.21
2nd payment$0.00$711.34$0.00
Taxes / mo$813.33$813.33$813.33
Insurance / mo$150.00$150.00$150.00
MI / mo$168.23$168.23$58.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,799.25$2,510.58$3,047.04
Cash to close$127,345$32,500$32,500