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$198,187$198,187$284,400
Remaining term (yrs)22.622.630.0
Secondary amount$0$86,213$0
Funding fee$0$0$0
Note rate4.200%4.200%7.320%
Blended rate5.050%6.247%7.560%
1st payment$1,128.37$1,128.37$1,953.63
2nd payment$0.00$646.60$0.00
Taxes / mo$355.17$355.17$355.17
Insurance / mo$150.00$150.00$150.00
MI / mo$163.44$163.44$56.88
HOA / mo$0.00$0.00$0.00
Total monthly$1,796.98$2,443.58$2,515.68
Cash to close$117,813$31,600$31,600