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$188,586$188,586$396,000
Remaining term (yrs)22.822.830.0
Secondary amount$0$207,414$0
Funding fee$0$0$0
Note rate3.750%3.750%7.320%
Blended rate4.600%6.250%7.560%
1st payment$1,023.13$1,023.13$2,720.25
2nd payment$0.00$1,339.55$0.00
Taxes / mo$308.75$308.75$308.75
Insurance / mo$150.00$150.00$150.00
MI / mo$156.49$156.49$79.20
HOA / mo$0.00$0.00$0.00
Total monthly$1,638.37$2,977.92$3,258.20
Cash to close$251,414$44,000$44,000