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$193,879$193,879$382,500
Remaining term (yrs)20.920.930.0
Secondary amount$0$188,621$0
Funding fee$0$0$0
Note rate2.990%2.990%7.400%
Blended rate3.840%5.891%7.640%
1st payment$1,036.94$1,036.94$2,648.35
2nd payment$0.00$1,257.47$0.00
Taxes / mo$161.25$161.25$161.25
Insurance / mo$150.00$150.00$150.00
MI / mo$163.16$163.16$76.50
HOA / mo$405.00$405.00$405.00
Total monthly$1,916.35$3,173.83$3,441.10
Cash to close$231,121$42,500$42,500