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$191,766$191,766$387,000
Remaining term (yrs)23.023.030.0
Secondary amount$0$195,234$0
Funding fee$0$0$0
Note rate3.700%3.700%7.400%
Blended rate4.550%6.290%7.640%
1st payment$1,028.17$1,028.17$2,679.51
2nd payment$0.00$1,301.56$0.00
Taxes / mo$474.67$474.67$474.67
Insurance / mo$150.00$150.00$150.00
MI / mo$158.23$158.23$77.40
HOA / mo$106.00$106.00$106.00
Total monthly$1,917.06$3,218.63$3,487.58
Cash to close$238,234$43,000$43,000