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$196,170$196,170$256,500
Remaining term (yrs)23.823.830.0
Secondary amount$0$60,330$0
Funding fee$0$0$0
Note rate3.210%3.210%7.320%
Blended rate4.060%5.222%7.560%
1st payment$980.01$980.01$1,761.98
2nd payment$0.00$452.47$0.00
Taxes / mo$288.17$288.17$288.17
Insurance / mo$150.00$150.00$150.00
MI / mo$160.31$160.31$51.30
HOA / mo$0.00$0.00$0.00
Total monthly$1,578.49$2,030.97$2,251.44
Cash to close$88,830$28,500$28,500