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$189,603$189,603$319,500
Remaining term (yrs)25.125.130.0
Secondary amount$0$129,897$0
Funding fee$0$0$0
Note rate2.900%2.900%7.400%
Blended rate3.750%5.478%7.640%
1st payment$883.29$883.29$2,212.15
2nd payment$0.00$865.98$0.00
Taxes / mo$456.00$456.00$456.00
Insurance / mo$150.00$150.00$150.00
MI / mo$150.32$150.32$63.90
HOA / mo$0.00$0.00$0.00
Total monthly$1,639.61$2,505.59$2,882.05
Cash to close$165,397$35,500$35,500