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$194,210$194,210$350,100
Remaining term (yrs)21.321.330.0
Secondary amount$0$155,890$0
Funding fee$0$0$0
Note rate3.950%3.950%7.320%
Blended rate4.800%6.225%7.560%
1st payment$1,118.26$1,118.26$2,404.94
2nd payment$0.00$1,039.27$0.00
Taxes / mo$152.50$152.50$152.50
Insurance / mo$150.00$150.00$150.00
MI / mo$166.92$166.92$70.02
HOA / mo$0.00$0.00$0.00
Total monthly$1,587.68$2,626.95$2,777.46
Cash to close$194,790$38,900$38,900