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$191,398$191,398$405,000
Remaining term (yrs)24.724.730.0
Secondary amount$0$213,602$0
Funding fee$0$0$0
Note rate2.900%2.900%7.320%
Blended rate3.750%5.860%7.560%
1st payment$901.81$901.81$2,782.07
2nd payment$0.00$1,379.51$0.00
Taxes / mo$419.42$419.42$419.42
Insurance / mo$150.00$150.00$150.00
MI / mo$153.47$153.47$81.00
HOA / mo$38.08$38.08$38.08
Total monthly$1,662.78$3,042.29$3,470.57
Cash to close$258,602$45,000$45,000