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$191,545$191,545$346,500
Remaining term (yrs)20.920.930.0
Secondary amount$0$154,955$0
Funding fee$0$0$0
Note rate3.920%3.920%7.320%
Blended rate4.770%6.214%7.560%
1st payment$1,113.73$1,113.73$2,380.21
2nd payment$0.00$1,033.03$0.00
Taxes / mo$448.67$448.67$448.67
Insurance / mo$150.00$150.00$150.00
MI / mo$166.85$166.85$69.30
HOA / mo$0.00$0.00$0.00
Total monthly$1,879.25$2,912.28$3,048.18
Cash to close$193,455$38,500$38,500