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$197,285$197,285$377,100
Remaining term (yrs)21.321.330.0
Secondary amount$0$179,815$0
Funding fee$0$0$0
Note rate3.990%3.990%7.320%
Blended rate4.840%6.347%7.560%
1st payment$1,140.18$1,140.18$2,590.42
2nd payment$0.00$1,198.77$0.00
Taxes / mo$336.92$336.92$336.92
Insurance / mo$150.00$150.00$150.00
MI / mo$169.37$169.37$75.42
HOA / mo$0.00$0.00$0.00
Total monthly$1,796.47$2,995.24$3,152.75
Cash to close$221,715$41,900$41,900