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$195,528$195,528$222,210
Remaining term (yrs)25.425.430.0
Secondary amount$0$26,682$0
Funding fee$0$0$0
Note rate3.760%3.760%7.320%
Blended rate4.610%5.137%7.560%
1st payment$992.52$992.52$1,526.43
2nd payment$0.00$200.12$0.00
Taxes / mo$192.25$192.25$192.25
Insurance / mo$150.00$150.00$150.00
MI / mo$151.62$151.62$44.44
HOA / mo$0.00$0.00$0.00
Total monthly$1,486.39$1,686.51$1,913.12
Cash to close$51,372$24,690$24,690