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$190,614$190,614$238,500
Remaining term (yrs)24.924.930.0
Secondary amount$0$47,886$0
Funding fee$0$0$0
Note rate2.840%2.840%7.400%
Blended rate3.690%4.756%7.640%
1st payment$886.11$886.11$1,651.33
2nd payment$0.00$359.14$0.00
Taxes / mo$108.92$108.92$108.92
Insurance / mo$150.00$150.00$150.00
MI / mo$151.97$151.97$47.70
HOA / mo$320.00$320.00$320.00
Total monthly$1,616.99$1,976.13$2,277.94
Cash to close$74,386$26,500$26,500