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$199,122$199,122$337,496
Remaining term (yrs)23.923.930.0
Secondary amount$0$138,373$0
Funding fee$0$0$0
Note rate2.930%2.930%7.320%
Blended rate3.780%5.510%7.560%
1st payment$961.26$961.26$2,318.36
2nd payment$0.00$922.49$0.00
Taxes / mo$214.25$214.25$214.25
Insurance / mo$150.00$150.00$150.00
MI / mo$162.96$162.96$67.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,488.47$2,410.96$2,750.11
Cash to close$175,873$37,500$37,500