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$193,484$193,484$310,500
Remaining term (yrs)22.922.930.0
Secondary amount$0$117,016$0
Funding fee$0$0$0
Note rate3.810%3.810%7.400%
Blended rate4.660%5.919%7.640%
1st payment$1,053.52$1,053.52$2,149.84
2nd payment$0.00$780.11$0.00
Taxes / mo$535.08$535.08$535.08
Insurance / mo$150.00$150.00$150.00
MI / mo$159.96$159.96$62.10
HOA / mo$17.00$17.00$17.00
Total monthly$1,915.57$2,695.67$2,914.02
Cash to close$151,516$34,500$34,500