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$193,040$193,040$296,100
Remaining term (yrs)23.723.730.0
Secondary amount$0$103,060$0
Funding fee$0$0$0
Note rate3.310%3.310%7.400%
Blended rate4.160%5.497%7.640%
1st payment$976.73$976.73$2,050.14
2nd payment$0.00$687.07$0.00
Taxes / mo$251.98$251.98$251.98
Insurance / mo$150.00$150.00$150.00
MI / mo$157.77$157.77$59.22
HOA / mo$39.00$39.00$39.00
Total monthly$1,575.48$2,262.55$2,550.33
Cash to close$135,960$32,900$32,900