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$193,263$193,263$342,000
Remaining term (yrs)25.425.430.0
Secondary amount$0$148,737$0
Funding fee$0$0$0
Note rate3.550%3.550%7.400%
Blended rate4.400%5.966%7.640%
1st payment$960.87$960.87$2,367.94
2nd payment$0.00$991.58$0.00
Taxes / mo$164.83$164.83$164.83
Insurance / mo$150.00$150.00$150.00
MI / mo$150.63$150.63$68.40
HOA / mo$0.00$0.00$0.00
Total monthly$1,426.34$2,417.92$2,751.17
Cash to close$186,737$38,000$38,000