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$199,951$199,951$310,500
Remaining term (yrs)20.420.430.0
Secondary amount$0$110,549$0
Funding fee$0$0$0
Note rate4.170%4.170%7.400%
Blended rate5.020%6.081%7.640%
1st payment$1,210.46$1,210.46$2,149.84
2nd payment$0.00$737.00$0.00
Taxes / mo$236.08$236.08$236.08
Insurance / mo$150.00$150.00$150.00
MI / mo$175.96$175.96$62.10
HOA / mo$343.00$343.00$343.00
Total monthly$2,115.50$2,852.50$2,941.02
Cash to close$145,049$34,500$34,500