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$204,821$204,821$270,000
Remaining term (yrs)25.225.230.0
Secondary amount$0$65,179$0
Funding fee$0$0$0
Note rate3.110%3.110%7.400%
Blended rate3.960%5.177%7.640%
1st payment$974.49$974.49$1,869.43
2nd payment$0.00$488.84$0.00
Taxes / mo$169.08$169.08$169.08
Insurance / mo$150.00$150.00$150.00
MI / mo$161.44$161.44$54.00
HOA / mo$242.00$242.00$242.00
Total monthly$1,697.02$2,185.86$2,484.51
Cash to close$95,179$30,000$30,000