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$194,424$194,424$372,600
Remaining term (yrs)19.919.930.0
Secondary amount$0$178,176$0
Funding fee$0$0$0
Note rate3.450%3.450%7.400%
Blended rate4.300%6.069%7.640%
1st payment$1,119.35$1,119.35$2,579.81
2nd payment$0.00$1,187.84$0.00
Taxes / mo$345.00$345.00$345.00
Insurance / mo$150.00$150.00$150.00
MI / mo$177.67$177.67$74.52
HOA / mo$0.00$0.00$0.00
Total monthly$1,792.03$2,979.87$3,149.33
Cash to close$219,576$41,400$41,400