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$189,235$189,235$391,500
Remaining term (yrs)24.724.730.0
Secondary amount$0$202,265$0
Funding fee$0$0$0
Note rate2.940%2.940%7.400%
Blended rate3.790%5.836%7.640%
1st payment$895.54$895.54$2,710.67
2nd payment$0.00$1,306.29$0.00
Taxes / mo$157.17$157.17$157.17
Insurance / mo$150.00$150.00$150.00
MI / mo$151.62$151.62$78.30
HOA / mo$0.00$0.00$0.00
Total monthly$1,354.32$2,660.61$3,096.13
Cash to close$245,765$43,500$43,500