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$190,040$190,040$304,200
Remaining term (yrs)23.923.930.0
Secondary amount$0$114,160$0
Funding fee$0$0$0
Note rate2.980%2.980%7.400%
Blended rate3.830%5.395%7.640%
1st payment$924.50$924.50$2,106.22
2nd payment$0.00$761.07$0.00
Taxes / mo$209.67$209.67$209.67
Insurance / mo$150.00$150.00$150.00
MI / mo$155.72$155.72$60.84
HOA / mo$0.00$0.00$0.00
Total monthly$1,439.89$2,200.96$2,526.73
Cash to close$147,960$33,800$33,800