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$192,536$192,536$238,500
Remaining term (yrs)24.524.530.0
Secondary amount$0$45,964$0
Funding fee$0$0$0
Note rate3.130%3.130%7.400%
Blended rate3.980%4.947%7.640%
1st payment$934.36$934.36$1,651.33
2nd payment$0.00$344.73$0.00
Taxes / mo$258.00$258.00$258.00
Insurance / mo$150.00$150.00$150.00
MI / mo$154.40$154.40$47.70
HOA / mo$80.00$80.00$80.00
Total monthly$1,576.76$1,921.49$2,187.03
Cash to close$72,464$26,500$26,500