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$189,752$189,752$269,100
Remaining term (yrs)24.924.930.0
Secondary amount$0$79,348$0
Funding fee$0$0$0
Note rate2.950%2.950%7.400%
Blended rate3.800%5.333%7.640%
1st payment$894.90$894.90$1,863.19
2nd payment$0.00$595.11$0.00
Taxes / mo$330.67$330.67$330.67
Insurance / mo$150.00$150.00$150.00
MI / mo$151.32$151.32$53.82
HOA / mo$0.00$0.00$0.00
Total monthly$1,526.88$2,121.99$2,397.68
Cash to close$109,248$29,900$29,900