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$190,310$190,310$270,000
Remaining term (yrs)23.523.530.0
Secondary amount$0$79,690$0
Funding fee$0$0$0
Note rate3.650%3.650%7.400%
Blended rate4.500%5.828%7.640%
1st payment$1,001.65$1,001.65$1,869.43
2nd payment$0.00$597.68$0.00
Taxes / mo$503.08$503.08$503.08
Insurance / mo$150.00$150.00$150.00
MI / mo$155.10$155.10$54.00
HOA / mo$8.33$8.33$8.33
Total monthly$1,818.16$2,415.84$2,584.84
Cash to close$109,690$30,000$30,000