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$190,620$190,620$288,000
Remaining term (yrs)22.922.930.0
Secondary amount$0$97,380$0
Funding fee$0$0$0
Note rate3.840%3.840%7.320%
Blended rate4.690%6.147%7.560%
1st payment$1,041.00$1,041.00$1,978.36
2nd payment$0.00$730.35$0.00
Taxes / mo$435.67$435.67$435.67
Insurance / mo$150.00$150.00$150.00
MI / mo$157.48$157.48$57.60
HOA / mo$0.00$0.00$0.00
Total monthly$1,784.14$2,514.50$2,621.63
Cash to close$129,380$32,000$32,000