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$189,855$189,855$247,500
Remaining term (yrs)23.723.730.0
Secondary amount$0$57,645$0
Funding fee$0$0$0
Note rate3.230%3.230%7.320%
Blended rate4.080%5.226%7.560%
1st payment$952.66$952.66$1,700.15
2nd payment$0.00$432.34$0.00
Taxes / mo$310.33$310.33$310.33
Insurance / mo$150.00$150.00$150.00
MI / mo$155.44$155.44$49.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,568.44$2,000.77$2,209.99
Cash to close$85,145$27,500$27,500