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$203,930$203,930$359,100
Remaining term (yrs)23.923.930.0
Secondary amount$0$155,170$0
Funding fee$0$0$0
Note rate3.030%3.030%7.320%
Blended rate3.880%5.660%7.560%
1st payment$997.34$997.34$2,466.77
2nd payment$0.00$1,034.47$0.00
Taxes / mo$414.33$414.33$414.33
Insurance / mo$150.00$150.00$150.00
MI / mo$166.92$166.92$71.82
HOA / mo$0.00$0.00$0.00
Total monthly$1,728.59$2,763.06$3,102.92
Cash to close$195,070$39,900$39,900