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$199,417$199,417$229,500
Remaining term (yrs)25.225.230.0
Secondary amount$0$30,083$0
Funding fee$0$0$0
Note rate3.110%3.110%7.400%
Blended rate3.960%4.621%7.640%
1st payment$948.78$948.78$1,589.01
2nd payment$0.00$225.62$0.00
Taxes / mo$209.67$209.67$209.67
Insurance / mo$150.00$150.00$150.00
MI / mo$157.18$157.18$45.90
HOA / mo$0.00$0.00$0.00
Total monthly$1,465.63$1,691.25$1,994.58
Cash to close$55,583$25,500$25,500