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$189,887$189,887$301,500
Remaining term (yrs)24.424.430.0
Secondary amount$0$111,613$0
Funding fee$0$0$0
Note rate3.000%3.000%7.400%
Blended rate3.850%5.386%7.640%
1st payment$910.73$910.73$2,087.53
2nd payment$0.00$744.08$0.00
Taxes / mo$310.42$310.42$310.42
Insurance / mo$150.00$150.00$150.00
MI / mo$153.01$153.01$60.30
HOA / mo$100.00$100.00$100.00
Total monthly$1,624.16$2,368.24$2,708.24
Cash to close$145,113$33,500$33,500