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$196,617$196,617$269,910
Remaining term (yrs)23.623.630.0
Secondary amount$0$73,293$0
Funding fee$0$0$0
Note rate3.230%3.230%7.320%
Blended rate4.080%5.416%7.560%
1st payment$988.89$988.89$1,854.09
2nd payment$0.00$549.70$0.00
Taxes / mo$299.58$299.58$299.58
Insurance / mo$150.00$150.00$150.00
MI / mo$161.36$161.36$53.98
HOA / mo$0.00$0.00$0.00
Total monthly$1,599.82$2,149.52$2,357.65
Cash to close$103,283$29,990$29,990