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$218,901$218,901$269,999
Remaining term (yrs)25.125.130.0
Secondary amount$0$51,098$0
Funding fee$0$0$0
Note rate3.090%3.090%7.400%
Blended rate3.940%4.898%7.640%
1st payment$1,041.45$1,041.45$1,869.42
2nd payment$0.00$383.23$0.00
Taxes / mo$34.42$34.42$34.42
Insurance / mo$150.00$150.00$150.00
MI / mo$172.98$172.98$54.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,398.84$1,782.07$2,107.84
Cash to close$81,098$30,000$30,000