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$193,515$193,515$315,000
Remaining term (yrs)19.919.930.0
Secondary amount$0$121,485$0
Funding fee$0$0$0
Note rate3.450%3.450%7.320%
Blended rate4.300%5.727%7.560%
1st payment$1,117.35$1,117.35$2,163.83
2nd payment$0.00$809.90$0.00
Taxes / mo$314.50$314.50$314.50
Insurance / mo$150.00$150.00$150.00
MI / mo$177.35$177.35$63.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,759.20$2,569.10$2,691.33
Cash to close$156,485$35,000$35,000