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$188,708$188,708$238,500
Remaining term (yrs)25.425.430.0
Secondary amount$0$49,792$0
Funding fee$0$0$0
Note rate3.890%3.890%7.320%
Blended rate4.740%5.629%7.560%
1st payment$971.38$971.38$1,638.33
2nd payment$0.00$373.44$0.00
Taxes / mo$341.92$341.92$341.92
Insurance / mo$150.00$150.00$150.00
MI / mo$146.06$146.06$47.70
HOA / mo$0.00$0.00$0.00
Total monthly$1,609.35$1,982.79$2,177.95
Cash to close$76,292$26,500$26,500