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$194,875$194,875$314,999
Remaining term (yrs)22.422.430.0
Secondary amount$0$120,124$0
Funding fee$0$0$0
Note rate4.400%4.400%7.400%
Blended rate5.250%6.299%7.640%
1st payment$1,138.26$1,138.26$2,180.99
2nd payment$0.00$800.83$0.00
Taxes / mo$121.58$121.58$121.58
Insurance / mo$150.00$150.00$150.00
MI / mo$161.01$161.01$63.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,570.85$2,371.68$2,515.57
Cash to close$155,124$35,000$35,000