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$198,037$198,037$296,100
Remaining term (yrs)25.125.130.0
Secondary amount$0$98,063$0
Funding fee$0$0$0
Note rate3.090%3.090%7.400%
Blended rate3.940%5.616%7.640%
1st payment$942.18$942.18$2,050.14
2nd payment$0.00$735.48$0.00
Taxes / mo$50.50$50.50$50.50
Insurance / mo$150.00$150.00$150.00
MI / mo$156.49$156.49$59.22
HOA / mo$0.00$0.00$0.00
Total monthly$1,299.17$2,034.65$2,309.86
Cash to close$130,963$32,900$32,900