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$194,128$194,128$305,910
Remaining term (yrs)23.423.430.0
Secondary amount$0$111,782$0
Funding fee$0$0$0
Note rate3.290%3.290%7.320%
Blended rate4.140%5.550%7.560%
1st payment$989.37$989.37$2,101.39
2nd payment$0.00$745.21$0.00
Taxes / mo$96.42$96.42$96.42
Insurance / mo$150.00$150.00$150.00
MI / mo$160.22$160.22$61.18
HOA / mo$0.00$0.00$0.00
Total monthly$1,396.00$2,141.21$2,408.99
Cash to close$145,772$33,990$33,990