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$198,898$198,898$225,000
Remaining term (yrs)25.225.230.0
Secondary amount$0$26,102$0
Funding fee$0$0$0
Note rate3.220%3.220%7.400%
Blended rate4.070%4.642%7.640%
1st payment$957.84$957.84$1,557.85
2nd payment$0.00$195.76$0.00
Taxes / mo$315.67$315.67$315.67
Insurance / mo$150.00$150.00$150.00
MI / mo$156.49$156.49$45.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,580.00$1,775.76$2,068.52
Cash to close$51,102$25,000$25,000