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$191,297$191,297$405,000
Remaining term (yrs)24.924.930.0
Secondary amount$0$213,703$0
Funding fee$0$0$0
Note rate2.980%2.980%7.400%
Blended rate3.830%5.898%7.640%
1st payment$905.16$905.16$2,804.14
2nd payment$0.00$1,380.17$0.00
Taxes / mo$85.83$85.83$85.83
Insurance / mo$150.00$150.00$150.00
MI / mo$152.47$152.47$81.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,293.46$2,673.63$3,120.97
Cash to close$258,703$45,000$45,000