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$194,418$194,418$350,100
Remaining term (yrs)22.122.130.0
Secondary amount$0$155,682$0
Funding fee$0$0$0
Note rate4.850%4.850%7.400%
Blended rate5.700%6.723%7.640%
1st payment$1,191.71$1,191.71$2,424.02
2nd payment$0.00$1,037.88$0.00
Taxes / mo$324.17$324.17$324.17
Insurance / mo$150.00$150.00$150.00
MI / mo$159.97$159.97$70.02
HOA / mo$0.00$0.00$0.00
Total monthly$1,825.84$2,863.72$2,968.21
Cash to close$194,582$38,900$38,900