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$198,433$198,433$427,410
Remaining term (yrs)20.320.330.0
Secondary amount$0$228,977$0
Funding fee$0$0$0
Note rate4.200%4.200%7.320%
Blended rate5.050%6.496%7.560%
1st payment$1,207.55$1,207.55$2,936.01
2nd payment$0.00$1,478.81$0.00
Taxes / mo$370.58$370.58$370.58
Insurance / mo$166.67$166.67$166.67
MI / mo$174.91$174.91$85.48
HOA / mo$191.67$191.67$191.67
Total monthly$2,111.38$3,590.19$3,750.41
Cash to close$276,467$47,490$47,490