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$190,197$190,197$315,000
Remaining term (yrs)24.024.030.0
Secondary amount$0$124,803$0
Funding fee$0$0$0
Note rate2.990%2.990%7.400%
Blended rate3.840%5.488%7.640%
1st payment$921.88$921.88$2,181.00
2nd payment$0.00$832.02$0.00
Taxes / mo$220.00$220.00$220.00
Insurance / mo$150.00$150.00$150.00
MI / mo$155.08$155.08$63.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,446.96$2,278.98$2,614.00
Cash to close$159,803$35,000$35,000