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$192,704$192,704$328,500
Remaining term (yrs)23.323.330.0
Secondary amount$0$135,796$0
Funding fee$0$0$0
Note rate3.740%3.740%7.320%
Blended rate4.590%6.000%7.560%
1st payment$1,030.36$1,030.36$2,256.57
2nd payment$0.00$905.31$0.00
Taxes / mo$344.00$344.00$344.00
Insurance / mo$150.00$150.00$150.00
MI / mo$157.79$157.79$65.70
HOA / mo$88.00$88.00$88.00
Total monthly$1,770.15$2,675.45$2,904.27
Cash to close$172,296$36,500$36,500