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$196,448$196,448$306,000
Remaining term (yrs)24.124.130.0
Secondary amount$0$109,552$0
Funding fee$0$0$0
Note rate3.150%3.150%7.400%
Blended rate4.000%5.432%7.640%
1st payment$966.27$966.27$2,118.68
2nd payment$0.00$730.35$0.00
Taxes / mo$66.92$66.92$66.92
Insurance / mo$150.00$150.00$150.00
MI / mo$159.27$159.27$61.20
HOA / mo$0.00$0.00$0.00
Total monthly$1,342.46$2,072.81$2,396.80
Cash to close$143,552$34,000$34,000