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$201,661$201,661$237,600
Remaining term (yrs)25.125.130.0
Secondary amount$0$35,939$0
Funding fee$0$0$0
Note rate3.120%3.120%7.400%
Blended rate3.970%4.731%7.640%
1st payment$962.60$962.60$1,645.09
2nd payment$0.00$269.54$0.00
Taxes / mo$133.83$133.83$133.83
Insurance / mo$150.00$150.00$150.00
MI / mo$159.27$159.27$47.52
HOA / mo$57.50$57.50$57.50
Total monthly$1,463.20$1,732.75$2,033.95
Cash to close$62,339$26,400$26,400