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$191,083$191,083$305,999
Remaining term (yrs)25.025.030.0
Secondary amount$0$114,916$0
Funding fee$0$0$0
Note rate3.010%3.010%7.320%
Blended rate3.860%5.415%7.560%
1st payment$903.10$903.10$2,102.00
2nd payment$0.00$766.10$0.00
Taxes / mo$397.25$397.25$397.25
Insurance / mo$150.00$150.00$150.00
MI / mo$151.54$151.54$61.20
HOA / mo$0.00$0.00$0.00
Total monthly$1,601.89$2,367.99$2,710.45
Cash to close$148,916$34,000$34,000