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$192,106$192,106$369,000
Remaining term (yrs)21.421.430.0
Secondary amount$0$176,894$0
Funding fee$0$0$0
Note rate3.950%3.950%7.400%
Blended rate4.800%6.334%7.640%
1st payment$1,106.15$1,106.15$2,554.88
2nd payment$0.00$1,179.30$0.00
Taxes / mo$417.37$417.37$417.37
Insurance / mo$150.00$150.00$150.00
MI / mo$165.11$165.11$73.80
HOA / mo$17.08$17.08$17.08
Total monthly$1,855.71$3,035.01$3,213.14
Cash to close$217,894$41,000$41,000