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$207,484$207,484$292,499
Remaining term (yrs)25.125.130.0
Secondary amount$0$85,015$0
Funding fee$0$0$0
Note rate3.050%3.050%7.320%
Blended rate3.900%5.382%7.560%
1st payment$982.78$982.78$2,009.27
2nd payment$0.00$637.61$0.00
Taxes / mo$270.83$270.83$270.83
Insurance / mo$150.00$150.00$150.00
MI / mo$164.07$164.07$58.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,567.68$2,205.30$2,488.60
Cash to close$117,515$32,500$32,500