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$189,058$189,058$314,100
Remaining term (yrs)21.221.230.0
Secondary amount$0$125,042$0
Funding fee$0$0$0
Note rate3.920%3.920%7.400%
Blended rate4.770%6.056%7.640%
1st payment$1,090.99$1,090.99$2,174.76
2nd payment$0.00$833.61$0.00
Taxes / mo$350.08$350.08$350.08
Insurance / mo$150.00$150.00$150.00
MI / mo$163.44$163.44$62.82
HOA / mo$0.00$0.00$0.00
Total monthly$1,754.51$2,588.13$2,737.67
Cash to close$159,942$34,900$34,900