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$198,686$198,686$242,910
Remaining term (yrs)27.427.430.0
Secondary amount$0$44,224$0
Funding fee$0$0$0
Note rate4.250%4.250%7.400%
Blended rate4.800%5.565%7.640%
1st payment$1,021.90$1,021.90$1,681.86
2nd payment$0.00$331.68$0.00
Taxes / mo$205.17$205.17$205.17
Insurance / mo$150.00$150.00$150.00
MI / mo$95.21$95.21$48.58
HOA / mo$29.17$29.17$29.17
Total monthly$1,501.44$1,833.12$2,114.78
Cash to close$71,214$26,990$26,990