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$208,452$208,452$270,000
Remaining term (yrs)24.924.930.0
Secondary amount$0$61,548$0
Funding fee$0$0$0
Note rate3.060%3.060%7.320%
Blended rate3.910%5.070%7.560%
1st payment$992.82$992.82$1,854.71
2nd payment$0.00$461.61$0.00
Taxes / mo$270.72$270.72$270.72
Insurance / mo$150.00$150.00$150.00
MI / mo$165.53$165.53$54.00
HOA / mo$284.00$284.00$284.00
Total monthly$1,863.07$2,324.68$2,613.44
Cash to close$91,548$30,000$30,000