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$197,908$197,908$328,500
Remaining term (yrs)22.622.630.0
Secondary amount$0$130,592$0
Funding fee$0$0$0
Note rate4.140%4.140%7.320%
Blended rate4.990%6.187%7.560%
1st payment$1,120.31$1,120.31$2,256.57
2nd payment$0.00$870.61$0.00
Taxes / mo$434.17$434.17$434.17
Insurance / mo$150.00$150.00$150.00
MI / mo$163.44$163.44$65.70
HOA / mo$265.00$265.00$265.00
Total monthly$2,132.92$3,003.53$3,171.43
Cash to close$167,092$36,500$36,500