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$193,311$193,311$386,999
Remaining term (yrs)22.922.930.0
Secondary amount$0$193,688$0
Funding fee$0$0$0
Note rate3.770%3.770%7.320%
Blended rate4.620%6.312%7.560%
1st payment$1,048.44$1,048.44$2,658.42
2nd payment$0.00$1,291.26$0.00
Taxes / mo$156.42$156.42$156.42
Insurance / mo$150.00$150.00$150.00
MI / mo$159.97$159.97$77.40
HOA / mo$0.00$0.00$0.00
Total monthly$1,514.82$2,806.08$3,042.23
Cash to close$236,688$43,000$43,000