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$191,245$191,245$279,000
Remaining term (yrs)23.723.730.0
Secondary amount$0$87,755$0
Funding fee$0$0$0
Note rate3.200%3.200%7.400%
Blended rate4.050%5.607%7.640%
1st payment$956.63$956.63$1,931.74
2nd payment$0.00$658.16$0.00
Taxes / mo$366.42$366.42$366.42
Insurance / mo$150.00$150.00$150.00
MI / mo$156.69$156.69$55.80
HOA / mo$108.00$108.00$108.00
Total monthly$1,737.74$2,395.90$2,611.96
Cash to close$118,755$31,000$31,000