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$197,301$197,301$391,500
Remaining term (yrs)25.425.430.0
Secondary amount$0$194,199$0
Funding fee$0$0$0
Note rate3.850%3.850%7.400%
Blended rate4.700%6.337%7.640%
1st payment$1,011.27$1,011.27$2,710.67
2nd payment$0.00$1,294.66$0.00
Taxes / mo$147.92$147.92$147.92
Insurance / mo$150.00$150.00$150.00
MI / mo$152.79$152.79$78.30
HOA / mo$0.00$0.00$0.00
Total monthly$1,461.98$2,756.64$3,086.88
Cash to close$237,699$43,500$43,500