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$190,537$190,537$427,500
Remaining term (yrs)25.425.430.0
Secondary amount$0$236,963$0
Funding fee$0$0$0
Note rate3.760%3.760%7.400%
Blended rate4.610%6.351%7.640%
1st payment$967.18$967.18$2,959.92
2nd payment$0.00$1,530.39$0.00
Taxes / mo$120.49$120.49$120.49
Insurance / mo$166.67$166.67$166.67
MI / mo$147.75$147.75$85.50
HOA / mo$20.00$20.00$20.00
Total monthly$1,422.09$2,952.48$3,352.58
Cash to close$284,463$47,500$47,500