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$194,090$194,090$405,000
Remaining term (yrs)25.225.230.0
Secondary amount$0$210,910$0
Funding fee$0$0$0
Note rate3.100%3.100%7.400%
Blended rate3.950%5.929%7.640%
1st payment$922.42$922.42$2,804.14
2nd payment$0.00$1,362.13$0.00
Taxes / mo$81.83$81.83$81.83
Insurance / mo$150.00$150.00$150.00
MI / mo$153.01$153.01$81.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,307.26$2,669.39$3,116.97
Cash to close$255,910$45,000$45,000