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$195,291$195,291$289,800
Remaining term (yrs)23.723.730.0
Secondary amount$0$94,509$0
Funding fee$0$0$0
Note rate3.210%3.210%7.400%
Blended rate4.060%5.671%7.640%
1st payment$977.89$977.89$2,006.52
2nd payment$0.00$708.82$0.00
Taxes / mo$147.83$147.83$147.83
Insurance / mo$150.00$150.00$150.00
MI / mo$159.97$159.97$57.96
HOA / mo$0.00$0.00$0.00
Total monthly$1,435.69$2,144.51$2,362.31
Cash to close$126,709$32,200$32,200