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$197,825$197,825$287,910
Remaining term (yrs)21.721.730.0
Secondary amount$0$90,085$0
Funding fee$0$0$0
Note rate4.560%4.560%7.320%
Blended rate5.410%6.533%7.560%
1st payment$1,193.61$1,193.61$1,977.74
2nd payment$0.00$675.64$0.00
Taxes / mo$377.00$377.00$377.00
Insurance / mo$150.00$150.00$150.00
MI / mo$165.70$165.70$57.58
HOA / mo$0.00$0.00$0.00
Total monthly$1,886.30$2,561.94$2,562.32
Cash to close$122,075$31,990$31,990