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$197,712$197,712$341,910
Remaining term (yrs)24.824.830.0
Secondary amount$0$144,198$0
Funding fee$0$0$0
Note rate2.950%2.950%7.400%
Blended rate3.800%5.571%7.640%
1st payment$934.55$934.55$2,367.32
2nd payment$0.00$961.32$0.00
Taxes / mo$105.08$105.08$105.08
Insurance / mo$150.00$150.00$150.00
MI / mo$158.02$158.02$68.38
HOA / mo$0.00$0.00$0.00
Total monthly$1,347.65$2,308.97$2,690.78
Cash to close$182,188$37,990$37,990