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$196,227$196,227$391,500
Remaining term (yrs)24.624.630.0
Secondary amount$0$195,273$0
Funding fee$0$0$0
Note rate2.970%2.970%7.320%
Blended rate3.820%5.905%7.560%
1st payment$933.80$933.80$2,689.33
2nd payment$0.00$1,301.82$0.00
Taxes / mo$319.25$319.25$319.25
Insurance / mo$150.00$150.00$150.00
MI / mo$157.49$157.49$78.30
HOA / mo$0.00$0.00$0.00
Total monthly$1,560.54$2,862.35$3,236.88
Cash to close$238,773$43,500$43,500