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$194,513$194,513$360,000
Remaining term (yrs)26.426.430.0
Secondary amount$0$165,487$0
Funding fee$0$0$0
Note rate6.130%6.130%7.400%
Blended rate6.680%7.287%7.640%
1st payment$1,237.15$1,237.15$2,492.57
2nd payment$0.00$1,103.25$0.00
Taxes / mo$333.33$333.33$333.33
Insurance / mo$150.00$150.00$150.00
MI / mo$93.27$93.27$72.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,813.75$2,917.00$3,047.90
Cash to close$205,487$40,000$40,000