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$188,902$188,902$350,999
Remaining term (yrs)22.822.830.0
Secondary amount$0$162,097$0
Funding fee$0$0$0
Note rate3.820%3.820%7.320%
Blended rate4.670%6.208%7.560%
1st payment$1,031.93$1,031.93$2,411.12
2nd payment$0.00$1,080.65$0.00
Taxes / mo$376.00$376.00$376.00
Insurance / mo$150.00$150.00$150.00
MI / mo$156.49$156.49$70.20
HOA / mo$0.00$0.00$0.00
Total monthly$1,714.42$2,795.06$3,007.32
Cash to close$201,097$39,000$39,000