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$206,067$206,067$225,000
Remaining term (yrs)24.824.830.0
Secondary amount$0$31,433$0
Funding fee$0$0$0
Note rate3.020%3.020%7.320%
Blended rate3.870%4.929%7.560%
1st payment$981.53$981.53$1,545.59
2nd payment$0.00$311.05$0.00
Taxes / mo$551.00$551.00$551.00
Insurance / mo$150.00$150.00$150.00
MI / mo$164.49$164.49$45.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,847.02$2,158.07$2,291.60
Cash to close$43,933$12,500$25,000