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$194,061$194,061$384,299
Remaining term (yrs)24.024.030.0
Secondary amount$0$190,238$0
Funding fee$0$0$0
Note rate2.890%2.890%7.400%
Blended rate3.740%5.849%7.640%
1st payment$930.62$930.62$2,660.81
2nd payment$0.00$1,268.25$0.00
Taxes / mo$191.92$191.92$191.92
Insurance / mo$150.00$150.00$150.00
MI / mo$158.57$158.57$76.86
HOA / mo$0.00$0.00$0.00
Total monthly$1,431.11$2,699.36$3,079.59
Cash to close$232,938$42,700$42,700