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$191,726$191,726$346,500
Remaining term (yrs)22.922.930.0
Secondary amount$0$154,774$0
Funding fee$0$0$0
Note rate2.900%2.900%7.320%
Blended rate3.750%5.648%7.560%
1st payment$952.70$952.70$2,380.21
2nd payment$0.00$1,031.83$0.00
Taxes / mo$262.25$262.25$262.25
Insurance / mo$150.00$150.00$150.00
MI / mo$158.69$158.69$69.30
HOA / mo$217.00$217.00$217.00
Total monthly$1,740.64$2,772.47$3,078.76
Cash to close$193,274$38,500$38,500