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$203,352$203,352$242,100
Remaining term (yrs)25.325.330.0
Secondary amount$0$38,748$0
Funding fee$0$0$0
Note rate3.100%3.100%7.400%
Blended rate3.950%4.758%7.640%
1st payment$964.35$964.35$1,676.25
2nd payment$0.00$290.61$0.00
Taxes / mo$63.17$63.17$63.17
Insurance / mo$150.00$150.00$150.00
MI / mo$159.97$159.97$48.42
HOA / mo$0.00$0.00$0.00
Total monthly$1,337.48$1,628.09$1,937.84
Cash to close$65,648$26,900$26,900