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$193,917$193,917$378,000
Remaining term (yrs)20.620.630.0
Secondary amount$0$184,083$0
Funding fee$0$0$0
Note rate3.970%3.970%7.320%
Blended rate4.820%6.369%7.560%
1st payment$1,144.32$1,144.32$2,596.60
2nd payment$0.00$1,227.22$0.00
Taxes / mo$345.67$345.67$345.67
Insurance / mo$150.00$150.00$150.00
MI / mo$170.40$170.40$75.60
HOA / mo$27.08$27.08$27.08
Total monthly$1,837.47$3,064.69$3,194.94
Cash to close$226,083$42,000$42,000