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$196,254$196,254$254,250
Remaining term (yrs)24.724.730.0
Secondary amount$0$57,996$0
Funding fee$0$0$0
Note rate2.960%2.960%7.320%
Blended rate3.810%4.994%7.560%
1st payment$930.78$930.78$1,746.52
2nd payment$0.00$434.97$0.00
Taxes / mo$340.75$340.75$340.75
Insurance / mo$150.00$150.00$150.00
MI / mo$157.18$157.18$50.85
HOA / mo$0.00$0.00$0.00
Total monthly$1,578.72$2,013.69$2,288.12
Cash to close$86,246$28,250$28,250