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$189,267$189,267$314,910
Remaining term (yrs)21.121.130.0
Secondary amount$0$125,643$0
Funding fee$0$0$0
Note rate3.900%3.900%7.400%
Blended rate4.750%6.047%7.640%
1st payment$1,092.93$1,092.93$2,180.37
2nd payment$0.00$837.62$0.00
Taxes / mo$501.58$501.58$501.58
Insurance / mo$150.00$150.00$150.00
MI / mo$164.13$164.13$62.98
HOA / mo$10.75$10.75$10.75
Total monthly$1,919.39$2,757.01$2,905.69
Cash to close$160,633$34,990$34,990