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$195,933$195,933$288,000
Remaining term (yrs)25.625.630.0
Secondary amount$0$92,067$0
Funding fee$0$0$0
Note rate4.670%4.670%7.400%
Blended rate5.520%6.632%7.640%
1st payment$1,091.07$1,091.07$1,994.05
2nd payment$0.00$690.50$0.00
Taxes / mo$162.58$162.58$162.58
Insurance / mo$150.00$150.00$150.00
MI / mo$149.53$149.53$57.60
HOA / mo$0.00$0.00$0.00
Total monthly$1,553.18$2,243.68$2,364.24
Cash to close$124,067$32,000$32,000