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$189,652$189,652$292,500
Remaining term (yrs)23.423.430.0
Secondary amount$0$102,848$0
Funding fee$0$0$0
Note rate3.600%3.600%7.400%
Blended rate4.450%5.698%7.640%
1st payment$997.60$997.60$2,025.21
2nd payment$0.00$685.65$0.00
Taxes / mo$252.67$252.67$252.67
Insurance / mo$150.00$150.00$150.00
MI / mo$155.42$155.42$58.50
HOA / mo$257.00$257.00$257.00
Total monthly$1,812.69$2,498.34$2,743.38
Cash to close$135,348$32,500$32,500