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$194,928$194,928$269,100
Remaining term (yrs)24.724.730.0
Secondary amount$0$74,172$0
Funding fee$0$0$0
Note rate3.060%3.060%7.400%
Blended rate3.910%5.313%7.640%
1st payment$934.62$934.62$1,863.19
2nd payment$0.00$556.29$0.00
Taxes / mo$351.03$351.03$351.03
Insurance / mo$150.00$150.00$150.00
MI / mo$155.83$155.83$53.82
HOA / mo$0.00$0.00$0.00
Total monthly$1,591.48$2,147.77$2,418.04
Cash to close$104,072$29,900$29,900