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$190,678$190,678$306,000
Remaining term (yrs)24.524.530.0
Secondary amount$0$115,322$0
Funding fee$0$0$0
Note rate3.170%3.170%7.320%
Blended rate4.020%5.520%7.560%
1st payment$929.34$929.34$2,102.01
2nd payment$0.00$768.81$0.00
Taxes / mo$278.31$278.31$278.31
Insurance / mo$150.00$150.00$150.00
MI / mo$152.79$152.79$61.20
HOA / mo$75.00$75.00$75.00
Total monthly$1,585.44$2,354.25$2,666.52
Cash to close$149,322$34,000$34,000