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$203,438$203,438$292,500
Remaining term (yrs)23.823.830.0
Secondary amount$0$89,062$0
Funding fee$0$0$0
Note rate3.030%3.030%7.400%
Blended rate3.880%5.439%7.640%
1st payment$997.29$997.29$2,025.21
2nd payment$0.00$667.97$0.00
Taxes / mo$303.25$303.25$303.25
Insurance / mo$150.00$150.00$150.00
MI / mo$166.91$166.91$58.50
HOA / mo$54.33$54.33$54.33
Total monthly$1,671.79$2,339.75$2,591.29
Cash to close$121,562$32,500$32,500